Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. KE has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, 1)what was the company’s year-end # of shares outstanding? 2)what was the company’s total common equity? 3)what was the company’s total debt to total capital ratio?
Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. KE has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, 1)what was the company’s year-end # of shares outstanding? 2)what was the company’s total common equity? 3)what was the company’s total debt to total capital ratio?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21EA: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares...
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Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total
1)what was the company’s year-end # of shares outstanding?
2)what was the company’s total common equity?
3)what was the company’s total debt to total capital ratio?
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