thank you so much Required Informatlon[The following Information applies to the questions displayed below.]Selected Financial Data for Varlety World follows:($ in millions except share data)20212020Net income$ 120210Dividends on preferred stock243021Average shares outstanding (in millions)Stock price250500$11.47$10.42Required:1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In mlllons (I.e. 5,500,000 should be entered as 5.5).)Earnings Per Share20202021

Name: thank you so much Required Informatlon[The following Information appli
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Description: thank you so much Required Informatlon[The following Information applies to the questions displayed below.]Selected Financial Data for Varlety World follows:($ in millions except share data)20212020Net income$ 120210Dividends on preferred stock243021

Earnings per share = (Net income - preferred divided) /Number of shares outstanding

Business

Accounting

Requlred Informatlon [The following Information applies to the questions displayed below.] Selected Financlal Data for Varlety World follows: ($ in millions except share data) 2021 2020 Net income $ 120 $ 210 Dividends on preferred stock Average shares outstanding (in millions) Stock price 30 21 250 500 $11.47 $10.42 Requlred: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In millons (I.e. 5,500,000 sho Earnings Per Share 2020

Requlred Informatlon [The following Information applies to the questions displayed below.] Selected Financlal Data for Varlety World follows: ($ in millions except share data) 2021 2020 Net income $ 120 $ 210 Dividends on preferred stock Average shares outstanding (in millions) Stock price 30 21 250 500 $11.47 $10.42 Requlred: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In millons (I.e. 5,500,000 sho Earnings Per Share 2020

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
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.
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 ; $10.57 Calculate the price-earnings ratio in 2020 and 2021
Financial information for Forever 18 includes the following selected data: ($ in millions) 2024 2023 Net income $160 $171 Dividends on preferred stock $22 $17 Average shares outstanding 250 300 Stock price $11.92 $10.87 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings?
The financial statements of Friendly Fashions include the following selected data (in millions):($ in millions) 2021 2020Sales $ 10,043 $ 11,134Net income $ 312 $ 818Stockholders’ equity $ 1,850 $ 2,310Average shares outstanding (in millions) 675 –Dividends per share $ 0.31 –Stock price $ 6.20 –Required:1. Calculate the return on equity in 2021.2. Calculate the dividend yield in 2021.3. Calculate earnings per share in 2021.4. Calculate the price-earnings ratio in 2021.
he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
The following data is available for the years ended 2020 and 2021 for Bunting Company. 2021 2020 Common shares outstanding 120,000 110,000 (same shares for 2019 as 2020) Preferred shares outstanding 25,000 25,000 Common shares dividends $48,000 $37,400 Preferred shares dividends $12,500 $12,500 Net income $436,850 $310,600 Market price per share 45.5 40.9 a. Calculate the market ratios for 2021 in the table to the right b. Calculate the market ratios for 2020 in the table to the right
Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021$4900 Net income for the year ended 202197900Market price of stock, 12/31/208 Market price of stock, 12/31/2110 Common stockholders’ equity, 12/31/20999000 Common stockholders’ equity, 12/31/211196000 Outstanding shares, 12/31/21100900 Preferred dividends for the year ended 202114300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%
Analyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions) 2024 2023 Sales $8,343 $9,434 Net income $170 $648 Stockholders' equity $1,780 $2,220 Average Shares outstanding (in millions) 710 0 Dividends per share $0.28 0 Stock price $8.00 0 Required:Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Bonita Industries had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 9600 Net income for the year ended 2021 97700 Market price of stock, 12/31/20 9 Market price of stock, 12/31/21 11 Common stockholders’ equity, 12/31/20 1001000 Common stockholders’ equity, 12/31/21 1192000 Outstanding shares, 12/31/21 100300 Preferred dividends for the year ended 2021 14300 What is the payout ratio for Bonita Industries for the year ended 2021?
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.