Gonzalez Company reported net income of $2,600 million in 2016. The weighted average number of common shares outstanding during 2016 was 1,108 million shares. Gonzalez paid $90 million in dividends on preferred stock. How much is basic earnings per share amount for 2016?

Q: The 2017 income statement of Marin Company showed net income of $555,200 and a gain from…

A: Income from continuing operations = Net income - gain from discontinued operations = $555,200-46400…

Q: We'll not play LLC had 1,000,000 average shares outstanding during all of 2017. During 2017, WNP…

A: For the purpose of computing diluted earnings per share, share to be used in the denominator in…

Q: Compute diluted earnings per share

A: Earnings per share is a financial measure that determines the residual earnings generated by each…

Q: On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it…

A: Common shares are issued by the company to fulfil its capital requirements. The common shareholders…

Q: The Handy Dandy Corporation has an income statement that indicates thatoperating income is…

A: The question is based on the concept of calculation of earnings per share (EPS). EPS is calculated…

Q: Lyn merchandising has 1,000,000 common shares with each share priced at P8. In 2017, the company…

A: The return on equity signifies the income earned by each shareholder of the company according to…

Q: The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from…

A: EPS: EPS stands for Earnings per share. It tells about the profit earned on each share.

Q: Kalin Corporation had 2017 net income of $1,000,000. During 2017, Kalin paid a dividend of $2 per…

A: Earnings per share on common stock: It is a financial ratio. It is calculating by divides net…

Q: Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in…

A: Earnings per share=Net incomeWeighted average shares=$240,00060,000=$4

Q: Assume that the following data relate to Rosen, Inc. for the year 2017: Net income (40% tax rate)…

A: Earnings per share is a financial ratio, which divides net earnings available to common shareholders…

Q: At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferred Dividend = No. of preferred share x Par value per share x rate of dividend…

Q: G. C. Murphey’s 2016 balance sheet shows average stockholders’ equity of $36,000 million, net…

A: In order to determine the return on common stockholders’ equity, the average shareholder's equity is…

Q: DiCenta Corporation reported net income of $270,000 in 2017 and had 50,000 shares of common stock…

A: Formula to calculate diluted earnings per share; Diluted EPS = Net income / weighted average number…

Q: K Grocers’ 2016 balance sheet shows average shareholders’ equity of $9,264 million, net income of…

A: Return on equity ratio: It is a profitability ratio that measures the profit generating ability of…

Q: At December 31, 2016, McKinley’s price-earnings ratio was 13.4. For 2016, McKinley’s net income was…

A: P/E Ratio - It is the ratio that is calculated to compute the market value of the shares in…

Q: Oil Services Corp. reports the following EPS data in its 2014 annual report (in millions except per…

A: The earning per share is calculated as net income divided by number of shares outstanding.

Q: Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: On December 31, 2015, Berclair Inc. had 200 million shares of common stock and 3 million shares of…

A:

Q: Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $50,000…

A: Dividend payout ratio is calculated by dividing the total dividend paid by the net income earned…

Q: The shareholders’ equity of MLS Enterprises includes $200 million of no par common stock and $400…

A:

Q: Lyn merchandising has 1,000,000 common shares with each share priced at P8. In 2017, the company…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Cracker Company had 2 million shares of common stock outstanding all through 2012. On April 1, 2013,…

A: EARNING PER SHARE (EPS) :  = (NET INCOME - PREFERRED DIVIDENDS) / AVERAGE NUMBER OF COMMON SHARES…

Q: Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2017. On May 1, Tomba…

A:

Q: The following information is available for Crane Enterprises:     2014   2013 Current…

A: The technique of evaluating as well as comparing financial information by determining relevant…

Q: On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of…

A: Statement of stockholder's equity shows the balance left from the assets after paying off all the…

Q: The following information is provided for Slickers, INc. for year 2016: Preferred stock 7%, $50 par…

A: Non-cumulative preferred stocks that provides the shareholders a fixed dividend amount each year,…

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The price earning ratio is considered as the relationship between stock price and earnings per…

Q: At December 31, 2016, the financial statements of Hollingsworth Industries included the following:…

A:

Q: Layne Corporation had the following information in its financial statements for the years ended 2014…

A:

Q: The 2017 income statement of Sandhill Company showed net income of $718,000 and a gain from…

A: Formula: EPS = ( Net Income - gain from discontinued operations ) / Outstanding shares

Q: Kingbird Corporation had 270,000 shares of common stock outstanding on January 1, 2017. On May 1,…

A:

Q: earnings balance of $928,000. During 2012, the firm earned $377,000 after taxes. From this amount,…

A: Retained earning balance = $928,000 Earnings after tax = $377,000 Preferred stock Dividend = $47,000…

Q: The 2017 income statement of Wasmeier Corporation showed net income of $480,000 and a loss from…

A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: Macaroon Inc. has net income for 2016 of $272,000. At January 1, 2016, the company had outstanding…

A: Working note: Computation of weighted average number of common shares outstanding: Weighted average…

Q: Basic Earnings per Share Monona Company reported net income of $29,975 for 2016. During all of 2016,…

A: Earnings per share in the business means how much net income has been attributable to each…

Q: Metlock Corporation had 2017 net income of $1,001,000. During 2017, Metlock paid a dividend of $2…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: USD565,000 and paid ordinary dividends of USD59,000. It also has 25,000 cumulative preference stocks…

A: Earnings per Share (EPS) refers to the amount of Earnings attributable to every shares of the…

Q: In 2012, ABC Corporation purchased treasury stock with a cost of $25,000. During the year, the…

A: Given the following information: Treasury stock purchased at a cost of $25,000 Dividends paid:…

Q: Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding…

A: The earning per share is known as the value earned by shareholders as per their holdings. It can…

Q: Fulmer Company's net income in 2008 was $220,000. The company paid preferred dividends of $42,000…

A: Given the following information: Net income: $220,000 Preferred dividends paid: $42,000 Average…

Q: Layne Corporation had the following information in its financial statements for the years ended 2014…

A: Payout ratio means how much amount of dividends has been paid out of net income available for equity…

Q: Bonita Corporation had net income of $1.950,000 and paid dividends to common stockholders of…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Colson Corp. had $750,000 net income in 2015. On January 1, 2015 there were 200,000 shares of common…

A: Given, Net Income = $750,000

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.