et Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02
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| 2018 | 2017 | |
| Net Income (in millions) | ? | ? |
| Weighted Average Shares Outstanding (in millions) | ||
| Basic Number Shares | ? | 59.2 |
| Diluted Number of Shares | 64.8 | ? |
| Earnings Per Share | ||
| Basic | 1.50 | 1.09 |
| Diluted | 1.43 | 1.02 |
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- Earnings per share Financial statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income 2,485,700 1,538,000 Preferred dividends 50,000 50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 2016 and 2015. b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?Treasury Stock, Cost Method Bush-Caine Company reported the following data on its December 31, 2018, balance sheet: The following transactions were reported by the company during 2019: 1. Reacquired 200 shares of its preferred stock at 57 per share. 2. Reacquired 500 shares of its common stock at 16 per share. 3. Sold 100 shares of preferred treasury stock at 58 per share. 4. Sold 200 shares of common treasury stock at 17 per share. 5. Sold 100 shares of common treasury stock at 9 per share. 6. Retired the shares of common stock remaining in the treasury. The company maintains separate treasury stock accounts and related additional paid-in capital accounts for each class of stock. Required: 1. Prepare the journal entries required to record the treasury stock transactions using the cost method. 2. Assuming the company earned a net income in 2019 of 30.000 and declared and paid dividends of 10,000, prepare the shareholders equity section of its balance sheet at December 31, 2019.Stock Dividends Crystal Corporation has the following information regarding its common stock: S10 par. with 500.000 shares authorized, 213,000 shares issued, and 183,700 shares outstanding. On August 22, 2019, Crystal declared and paid a 15% stock dividend when the market price of the common stock was $30 per share. Required: Prepare the journal entries to record declaration and payment of this stock dividend. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend.
- Financial information for Forever 18 includes the following selected data: ($ in millions) 2024 2023 Net income $160 $171 Dividends on preferred stock $22 $17 Average shares outstanding 250 300 Stock price $11.92 $10.87 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings?1.What is the EPS for 2016?a.1.82b.1.30c.1.63d.1.47 2.What is the weighted number of outstanding ordinary shares for 2017?a.310.5Mb.291.87Mc.270Md.285.78MWhat is the total stockholders' equity based on the following account balances? Common Stock $2260000 Paid-In Capital in Excess of Par 126000 Retained Earnings 566000 Treasury Stock 66000 $2128000. $2886000. $3012000. $2634000.
- Financial information for Forever 18 includes the following selected data:($ in millions) 2021 2020Net income $ 129 $ 308Dividends on preferred stock $ 20 $ 15Average shares outstanding 150 400Stock price $ 12.02 $ 10.97Required:1. Calculate earnings per share in 2020 and 2021. Did earnings per share increase in 2021?2. Calculate the price-earnings ratio in 2020 and 2021. In which year is the stock priced lower in relation to reported earnings?Directions: Determine values for the missing items. Round answers to one decimal. 2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02 Assume no preferred stock or restricted stock unit dividends .Financial information for Forever 18 includes the following selected data: ($ in millions except share data) 2021 2020 Net income $141 ; $105 Dividends on preferred stock $27 ; $22 Average shares outstanding (in millions) 300 ; 250 Stock price $11.62 ; $10.57 Calculate the price-earnings ratio in 2020 and 2021
- PROVIDE COMPUTATIONS!!! 10. What is the book value of the preference shares on December 31, 2018?a. P105 c. P100b. P110 d. P11511. What is the book value of the ordinary shares on December31 2018?a. P13.40 c. P14.15b. P14.52 d. P13.78BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred stock dividends of $250000. During 2020, Hollis had weighted average of 190000 common shares outstanding. Compute Hollis's 2020 earnings per share.The following information is available for Sheffield Corp.: January 1, 2021 Shares outstanding4060000 April 1, 2021 Shares issued643000July 1, 2021 Treasury shares purchased223000 October 1, 2021 Shares issued in a 100% stock dividend4480000 The number of shares to be used in computing earnings per common share for 2021 is A. 8901500.B. 5601500.C. 9183100.D. 8861500.
