National Company's net income last year was P500,000. The company has 150,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P1.00 per share on the common stock and P0.60 per share on the preferred stock. The earnings per share of common stock is closest to:

Q: Theodore Company has 100,000 shares of P10 par value common stock issued and outstanding. Total…

A: Price-earnings ratio = Market value per share / Earnings per share where, Earnings per share = (Net…

Q: McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common…

A:

Q: Ahnberg corporation had 760,000 shares of common stock and issued and outstanding at january 1. no…

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

Q: Nikron Corporation issued 10,000 shares of $5 par value common stock during the year for $60 each.…

A: Total stockholders equity of the business means total amount attributable to the shareholders of the…

Q: Crabtree Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: No. of shares issued under stock dividend = No. of shares outstanding x stock dividend rate Decrease…

Q: The net income of a company for the year was $570,000. The company has no preferred stock. Common…

A: Return on stockholder’s equity refers to the ratio of net income to average stockholder’s equity.

Q: For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000…

A: Net income for 2009 =$1,000,000 1 January 2009 No. of shares outstanding=1,000,000 i July 2009…

Q: Junkyard Arts, Inc., had earnings of $172,300 for the year. The company had 23,000 shares of common…

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

Q: Richards Corporation had net income of $305,067 and paid dividends to common stockholders of…

A: Price earnings ratio: It is the ratio used for valuing the company and to measure whether the…

Q: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with…

A: Formula: Weighted average number of shares = Number of shares issued x Time period

Q: The Water Valley Widget Co. was formed last year by selling 1.02 million shares of common stock.…

A: Shares Sold= 10,20,000 shares Total Equity= $440,00,000 Common stock Value= $22,95,000 Retained…

Q: The average stockholder's equity for horn co. last year was P3,000,000. Included in this figure was…

A: The net income earned during the year will be aggregate of Earnings available for common Stock…

Q: During Year 3, Zachary Corporation reported after-tax net income of $3,595,000. During the year, the…

A: Introduction: Net income is the portion of a company's revenue that remains after deducting all…

Q: What are the dividends per share for preferred and common, respectively?

A: Dividend refers to that portion of the net income of the company which the company paid to its…

Q: Richards Corporation had net income of $241,562 and paid dividends to common stockholders of…

A: Price earning ratio is calculated as market value of share divided by earning per share. Earning per…

Q: McDonnell-Myer Corporation reported net income of $2,220 million. The company had 518 million common…

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

Q: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares…

A: Earning per share (EPS) is the ratio that describes how much profit is earned by the company for…

Q: Mann Co. has outstanding 60,000 shares of 8% preferred stock with a P10 par value and 150,000 shares…

A: Dividend distribution is known as a method of distributing profit among the stockholder of the…

Q: PickApart Arts, Inc., had earnings of $565,300 for the year. The company had 55,000 shares of common…

A: Preferred dividend = No. Od preferred stock x dividend per share = 23000 shares x $2.10 per share =…

Q: Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total…

A: Here, Earning Per Share is $5 Dividend Per Share is $2 Increase in Retained Earnings is $12 million…

Q: During Year 3, Finch Corporation reported after-tax net income of $3,645,000. During the year, the…

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

Q: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600…

A: EPS = (Net income - Preferred dividend)/Weighted average number of shares Numerator = Net income -…

Q: Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common…

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

Q: Ahnberg Corporation had 520,000 shares of common stock issued and outstanding at January 1. No…

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

Q: McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common…

A: Calculation of Weighted average number of common shares outstanding: No. of months No. of…

Q: Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common…

A: Basic earnings per share = Net income available to common stockholders/Number of common stock…

Q: Crane Jewelers management announced that the company had net earnings of $4,356,000 for this year.…

A: Given: Net earnings = $4,356,000 Shares outstanding = $1,613,000 Stock price = $ 68.91

Q: Girlie Company's net income last year was P300,000. Girlie Company has 100,000 shares of common…

A: Earning Per share Earning per share is a financial ratio to measure the company's ability to produce…

Q: Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714…

A: Weighted average no of share calculation To calculate weight shares  we have to consider shares at…

Q: Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common…

A: Calculate earnings per share:

Q: Livestone Company's net income last year was P371,000. The company has 100,000 shares of common…

A: Earning per share is calculated to determine the earnings available for the common stockholders from…

Q: EPS Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 30,000 shares of…

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

Q: St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000…

A: When Preferred shares are cumulative , then dividend in arrears are to be paid to the preferred…

Q: National Company has 100,000 shares of P10 par value common stock issued and outstanding. Total…

A: Earning Per Share = Net incomeNumber of shares outstanding                                      =…

Q: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares…

A: First, compute the weighted average common stock outstanding Weighted average common stock…

Q: Junkyard Arts, Inc., had earnings of $174,300 for the year. The company had 24,000 shares of common…

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

Q: J.C. Olson & Co. had earnings per share of $8 in 2012, and it paid a $4 dividend. Book value per…

A: Retained earnings is part of profit which is retained by the company for future use. This part of…

Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

A: Total preferred dividend paid = No. of preferred shares outstanding x dividend per share = 30000…

Q: During Year 3, Solomon Corporation reported after-tax net income of $3,635,000. During the year, the…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: On January 1, 2016, Kiper Corporation had 12,000 shares of common stock outstanding. Kiper…

A: Basic earnings per share is a ratio which helps to analyse that how much earnings a common…

Q: At the end of the accounting period, Houston Company had $8,000 of par value common stock issued,…

A: Stockholders equity include common stock, retained earning but does not include treasury stock.

Q: Kliza Company's net income last year was P130,000. The company paid preferred dividends of P42,000…

A: Return on equity (ROE) refers to the evaluation of the profitability of a company through the…

Q: What is the earnings per share?

A: Calculate earnings available to common stockholders: Earnings available to common stockholders = Net…

Q: Richards Corporation had net income of $231,470 and paid dividends to common stockholders of…

A: Price-earning ratio refers to the ratio which conveys the worth of the company. In other words,…

Q: At the start of the fiscal year, Comfortable Company has 100,000 shares of its ₱10 par value common…

A: Solution: Common stock at the end of year= 120000*10 = 1,200,000 Additional paid in capital =…

Q: Given the following year-end information, compute Greenwood Corporation’s basic and diluted earnings…

A: A share represents in a firm is a unit of stock ownership. Dividends are distributed to shareholders…

Q: PickApart Arts, Inc., had earnings of $398,000 for the year. The company had 44,000 shares of common…

A: It is the income which is available to the common shareholders per share after giving preferred…

Q: Junkyard Arts, Inc., had earnings of $446,400 for the year. The company had 54,000 shares of common…

A: Junkyard earnings = $ 446400 Common stock outstanding = 54000 shares Number of preferred stock =…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.