Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $4900 Net income for the year ended 2021 97900 Market price of stock, 12/31/20 8 Market price of stock, 12/31/21 10 Common stockholders’ equity, 12/31/20 999000 Common stockholders’ equity, 12/31/21 1196000 Outstanding shares, 12/31/21 100900 Preferred dividends for the year ended 2021 14300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%

Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $4900 Net income for the year ended 2021 97900 Market price of stock, 12/31/20 8 Market price of stock, 12/31/21 10 Common stockholders’ equity, 12/31/20 999000 Common stockholders’ equity, 12/31/21 1196000 Outstanding shares, 12/31/21 100900 Preferred dividends for the year ended 2021 14300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 69E: Stock Dividends Crystal Corporation has the following information regarding its common stock: S10...

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Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73
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