Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2 per share on 36,350 shares of preferred stock. During 2020, Marigold had outstanding 301,000 shares of common stock. Compute Marigold’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share   $enter earnings per share in dollars rounded to 2 decimal places   per share

Q: common stock was $30 last night. Calculate the following. (Round all answers to two decimal places…

A: 1) Current yield = (Dividend in year 1 / price) * 100 Current yield = (0.65 / 30) * 100 Current…

Q: On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following…

A: On 01.01.2020, FAB Co. had outstanding shares = 100000 During 2020, On March 1, Company had split 2…

Q: At December 31, 2020, Reid Company had 600,000 shares of common stock issued and outstanding,…

A:

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: The treasury share are the shares that are repurchased by the company fron its own issued shares.

Q: In 2019, Hesin Corporation reported net income of 1,000,000,It declared and paid preferred stock…

A: Earnings Per Share: =[Net Income - Preferred Dividends] / Number of common shares outstanding

Q: Sheridan Corporation had net income of $470000 and paid dividends to comman stackholders of $34780…

A: Formula: Payout ratio = ( Dividends paid / Net income ) x 100 Division of net income with Dividends…

Q: skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock…

A: Converted preferred shares=Number of share×2=5,500×2=11,000

Q: Use the following information for the next two items: Sheeva Corp. had P600,000 net income in 2020,…

A: Basic EPS is the earnings per share calculated by dividing Net Income attributable or available to…

Q: Coronado Corporation had net income of $2060000 and paid dividends to common stockholders of $296000…

A:

Q: As of Dec. 31, 2020, DM Corporation has 10% Preference shares (cumulative and participating) with…

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

Q: The income statement of Bulldogs Inc. in 2022 reflects a net Income of P2,050,000. The dividend…

A: Given Information :  Net Income = P2,050,000 Annual Dividend = P2 Dividend Yield = 20%

Q: During 2020, ABC Co. had net income of $900,000. The company has 20,000 shares of 5%, $100 par,…

A: Basic EPS is calculated by dividing the net income by total number of outstanding shares.Diluted EPS…

Q: On January 1, 2020 ,Herron Corporation purchased 5,000 shares of treasury stock. Other information…

A: Return on Common Stockholders' Equity will be calculated using following Formulae : Return on Common…

Q: Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share…

A: Cumulative preference share holders enjoy the right to claim any unpaid dividend from the previous…

Q: ABS Co. had 900,000 ordinary shares issued and outstanding at December 31, 2019. On July 1, 2020 an…

A: First, calculate the diluted effect on stocks: Stock option dilluted effect=Share option…

Q: ABC Company had 600,000 ordinary shares outstanding on January 1, 2020. During 2020, ABC Company…

A: Right shares- When the entity issued shares to its exiting shareholders with a right to subscriber…

Q: Sandhill Corporation had 2020 net income of $1,066,000. During 2020, Sandhill paid a dividend of $2…

A: EARNING PER SHARE IS THE PORTION OF A COMPANY'S PROFIT ALLOCATED TO EACH OUTSTANDING SHARE OF COMMON…

Q: In 2020, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred stock…

A: Earnings per share = (Net income - Preferred dividend) / weighted average of common shares…

Q: how much should ABC Company report as basic Earnings Per Share?

A: Formula: Ex- Right Price= Old Shares×Market Price+New Shares×Issue PriceOld Shares+ New Shares EPS=…

Q: Earnhart Corporation has outstanding 3,000,000 shares of common stock with a par value of $10 each.…

A: a. Prepare the journal entry to record the declaration and payment of the cash dividend.

Q: Culver Corporation reported net income of $282,540 in 2020 and had 45,000 shares of common stock…

A: Net Income:$282,540 Outstanding shares: 45,000 Convertible instruments: 10,400(5200*2)(for every…

Q: Headland Corporation had 2020 net income of $1,028,000. During 2020, Headland paid a dividend of $2…

A:

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: Treasury Stock The purpose of issue of treasury stock which describes as the repurchase of own stock…

Q: At December 31, 2017 and 2018, Funk and Noble corporation had outstanding 760 million shares of…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share…

A: Dividend is the return which is paid to the shareholders for investing in the business entity and…

Q: The income statement of PNE Inc. in 2022 reflects a net Income of P2,050,000. The dividend policy of…

A: Annual cash dividend = P 2 Dividend yield = 20%

Q: Concord Inc. had net income for 2020 of $5,920,000. The company had 2,200,000 of common shares…

A: Ratio is a tool which is used to measure the firm’s performance and growth by establishing relation…

Q: Marin Company’s net income for 2020 is $691,000, and 91,000 shares of common stock were issued and…

A: Calculation of number of free shares issued under case (a) : Particulars  Amount Proceeds of…

Q: At December 31, 2021, Hancock Company had 500,000 shares of common stock issued and outstanding,…

A: Earnings per share = Net IncomeWeighted Average number of shares

Q: GMA Co. had 900,000 ordinary shares issued and outstanding at December 31, 2019. On July 1, 2020 an…

A: Diluted Weighted Average Shares is the number of shares used to measure Diluted EPS. This is used as…

Q: Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in…

A: Price earnings (P/E) ratio refers to a ratio which shows the relationship between the earnings per…

Q: For the year 2021, Aquamarine Corporation has earned a net income of P400,000. Compute for the basic…

A: Earning per share refers to earning per share attributable to the ordinary shareholders. It is a net…

Q: Ale Corporation had net income of $2,040,000 and paid dividends to common stockholders of $400,000…

A: Earnings per share = Net income/Weighted average of shares outstanding Price-earnings ratio = Market…

Q: At December 31, 2021, Hancock Company had 500,000 shares of common stock issued and outstanding,…

A: Answer) Calculation of Earnings per Common Share Earnings per common share = Earnings available for…

Q: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 3 million shares of…

A: working notes: Basic EPS: Weighted average shares of common stock outstanding. Basic EPS = Net…

Q: a.)Pharoah Company’s net income for 2020 is $709,000, and 94,000 shares of common stock were issued…

A: A)  94,000 shares was outstanding for period 12 months   Net Income  for 2020 $709000 stock…

Q: Denfort corp had 4,000 shares of P7.00, P100 par preferred stock and 50,000 shares of common stock…

A: Earnings per share (EPS) was used to measure profitability. Earnings per share: =(Net income -…

Q: Novak Company’s net income for 2020 is $594,000, and 91,000 shares of common stock were issued and…

A: Diluted Earning Per Share: If all convertible securities were converted, the company's profits per…

Q: The income statement of Blue Co. in 2021 shows a net Income of P2,400,000. It is the policy of the…

A: Given: Cash dividend = P5 Current market price = P25

Q: DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock…

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

Q: Carla Corporation reported net income of $315,350 in 2020 and had 50,500 shares of common stock…

A: Computation of the Carla's 2020 diluted earnings per share as follows:

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: Given,  Net income = $470,000 Dividends paid to common stockholders = $34,780

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

A: The answer is as fallows

Q: On December 31, 2020 and 2021, Jimenez Corporation had 100,000 shares consisting of 90,000 shares…

A:

Q: On January 1, 2020, Frontier Corporation had $1,000,000 of common stock outstanding that was issued…

A: Given information is: Outstanding common stock = $10,00,000 Retained Earnings = $750,000 Net income…

Q: BE4-8 In 2020, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred…

A: Earnings per share (EPS) are company’s profit which is divided by outstanding common stock per…

Q: Bramble Corp. had net income for 2021 of $598000. The average number of shares outstanding for the…

A: Diluted EPS Formula= Net Income(Before Preferred Dividends)+Post Tax Interest(Common Shares…

Q: During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire…

A: The basic earnings per share is calculated as net income available to common shareholders divided by…

Q: In 2020, Concord Corporation reported net income of $1,015,200. It declared and paid preferred stock…

A: Step 1 Earnings per share is the income attributed to each outstanding equity share commonly…