The company earned net income of $475,617 and had 1,000 shares of $50 par 10% preferred shares of stock outstanding. Preferred stock dividends were paid. If the weighted average number of common shares was 78,806, state the earnings per share in decimal form rounded to the nearest two decimals. (For example, if the EPS was $1.16, then write 1.16 as your answer.)

Q: Richards Corporation had net income of $196,700 and paid dividends to common stockholders of…

A: Earning per Share= Net income-(preferred stock dividend)/No. of shares outstanding Price earning…

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25…

A: Annual dividend payable to preferred stock = 25,000 * $50 * 2% = $25,000

Q: Cases Unlimited reported operating income of $780,000, interest expense of $120,000, and net income…

A: Time interest earned ratio means the number of times a company is earing profits as compared to…

Q: Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…

A: Dividend distribution is a method of distribution of profit by the company to its stockholders. The…

Q: earnings per share

A: We know that the formula to calculate earnings per share  Earnings per share - ( Net Income…

Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A: During the year number of shares outstanding are not same. Due to purchase or sale of shares. To…

Q: Company XYZ declared a dividend of Php 19,773,000 for its common stock. Suppose there are 42,504…

A: The Dividend is the profit that is paid out to the shareholders by the firms out of the current…

Q: Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of…

A: Calculate preferred stock dividend per year.

Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: Windborn Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of…

A: Par value per preferred share Dividend rate Dividend per preferred share Number of…

Q: Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…

A: Lets understand the basics. Cumulative preferred shares are share on which dividend at the specific…

Q: A company reports the following: Net income $275,000 Preferred dividends 11,000 Average…

A: a) Return on stockholders equity = Net income / Average stockholders equity = 275,000/2,200,000 =…

Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…

A: Common stockholders or shareholders are the shareholders who actually known as the real owner of the…

Q: Taiwanese Company has 5,000shares of 4% cumulative preferred stock of $40 par and 10,000 shares of…

A: Introduction: Dividends: Dividends are distributed to share holders of the company. Dividends are as…

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: Clair, Inc reports net income of $700,000. It declares and pays dividends of $100,000 for the year,…

A: Given that, Net income = $700000 Preference dividend = $50000 Common stock dividend = $50000 The…

Q: Green Thumb, Inc. had 18,000 shares of common stock outstanding on January 1. An additional 6,000…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Reinhardt furniture company has 40000 shares of cumulative preferred 2% stock, $150 par and 100000…

A: Dividend: When the company earns a huge profit then it’s declared some extra money on the shares…

Q: Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of…

A: No. of shares issued and outstanding = No. of shares issued - No. of treasury stock = 158963-79891 =…

Q: Windborn Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: The following information was taken from the financial statements of Tolbert Inc. for December 31 of…

A: (a)Calculate EPS:

Q: Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…

A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Q: Trenton Company has provided the following Information: - Net income, $320,000; • Preferred shares…

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: Castillo Nutrition Company has 14,000 shares of cumulative preferred 1% stock, $130 par, and 70,000…

A: Cumulative Preference Share: In the case of cumulative preferred stock, a clause states that…

Q: Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000…

A: Share: A share is a document that states a proof of an ownership of a company. A share states a…

Q: Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of…

A: Preferred dividend is the dividend paid to preferred stockholders and this dividend will be given…

Q: Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its…

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

Q: Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings…

A: Given, Total paid-in capital and retained earnings= $877,000 Total stockholders’ equity = $817,000…

Q: Windborn Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…

A: In case of cumulative preferred stock any amounts of dividend that has been missed in the past will…

Q: Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…

A: Dividends is the part or share of profits that is being distributed to the shareholders of the…

Q: A company reported the following: Net income $423,790 Preferred dividends $31,390 Shares of common…

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Q: During the year, 10 shares were reacquired at $11 per share. How much is the total stockholders'…

A: Treasury Stock - These Stocks are those which are repurchased by the company from the stockholders…

Q: Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…

A: >Dividends are the payment to investors of stock or shares. >Usually, preferred…

Q: Blake Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On…

A: EPS = (Net income - Preferred dividen) / Weighted average number of Common shares

Q: The following information is available for Hildebrand Corporation: Dividends paid to common…

A: EPS: It shows the earning divided to each share of the company. Higher the EPS, the Higher the…

Q: Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $100 par and S50,000 shares of…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Using the following information, compute earnings per share. Net Income $300,000, Common Stock…

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

Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…

A: The earnings per share is calculated as net income divided by outstanding shares.

Q: Using the following information, compute earnings per share. Net Income $300,000, Common Stock…

A: Generally, earnings per share represent the shareholder's share of earnings for each and every share…

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: A company had stock outstanding as follows during each of its first three years of operations: 3,000…

A: The dividend is paid to the stockholders as the return on the investment. It is paid out of the…

Q: The following information was taken from the financial statements of Zeil Inc. for December 31 of…

A:

Q: Bonita Corporation reports net income of $306,250 and a weighted-average of 175,000 shares of common…

A: EPS (Earning Per Share) for common stock is computed by the formula: Net Income / Weighted Average…

Q: The following information was taken from the financial statements of Tolbert Inc. for December 31 of…

A: Dividend refers to portion of earnings of an entity that is shared with common stockholders and paid…

Q: The following information was taken from the financial statements of Tolbert Inc. for December 31 of…

A: Given the following information: Common stock, $10 par value (no change during the year):…