The Namleda Corporation has an income statement that indicates thatoperating income is $2,375,486 and pays interest of $100,000 and taxes of$900,000. The corporation currently has an average of 3 million shares ofcommon stock outstanding and 1 million shares of preferred stock, whichpays a dividend of $1.00 per share. What is the corporation’s approximateearnings per share?

Q: Rye Company has provided the following information: • Weighted average number of outstanding common…

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

Q: For 2010 and 2011, Sabil Corporation earned net income of $480,000 and S640.000 and paid dividends…

A: Journal entries is the recording of transaction at the initial stage of incurring the transactions.

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A: There are two types of stock which are issued by a firm. One is the preference stock and other is…

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A: Formula: Earnings per share = Earnings available for Common Stockholders’/ Weighted Average number…

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A: Calculating the value of common stockholder’s residual claims to earnings. We have,Out of the total…

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A: Net profit margin is calculated on on sales, the equation is  Net profit margin =net profitsales*100

Q: Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000,…

A: Formula to calculate Earnings per share: EPS=Total earningsShares…

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A: Total Dividend Paid  $   44,500.00  No. of Shares       28,000.00 Tax Rate 24% Sales…

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

A:

Q: The Handy Dandy Corporation has an income statement that indicates thatoperating income is…

A: The question is based on the concept of calculation of earnings per share (EPS). EPS is calculated…

Q: Lucky Corporation began the year with a simple capital structure consisting of $240,000 shares of…

A: Formula: Earnings per share = Net Income / outstanding Weighted average common shares Division of…

Q: Kingdom Corporation has the following $500,000 Preferred stock, $10 par value, 7%, 50,000 shares…

A: Dividend declared is first distributed to preferred stockholders at the rate prescribed and the…

Q: Netpass Company has 100,000 shares of common stock authorized, 90,000 shares issued, and 40,000…

A: No. of shares issued and outstanding = No. of common stock issued - treasury stock = 90000 shares -…

Q: The company in the previous question, Dodd Corporation, has 100,000shares of common stock owned by…

A: The computation as follows: Hence, the total entity value is $5,700,000.

Q: Rizzo Co. has Net Income of $279,000 for 2024. Over the past two years, the company had outstanding…

A: Earning per share represents the earnings of the company held in hands of each shareholder of the…

Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…

A: Outstanding shares = Issued shares - Treasury shares                                  = 270,000…

Q: Longmont Corporation earned net income of $85,000 this year. The company began the year with 700…

A: Formula: EPS = ( Net income - Preferred dividend)  / ( Outstanding common shares )

Q: The board of directors of Clear Communications has declared a dividend of $2,500,000. The company…

A: Total Dividend = $2,500,000 Preferred Dividend = 240,000 shares * $2.10 Preferred Dividend =…

Q: Diamond Corp. earned net income of $550,000 in 2021 and had 120,000 shares of common stock…

A: Diluted earnings per share = (Net income + interest expense net of tax) / (No. of shares of common…

Q: Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000…

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Q: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…

A: Debit Credit   Dividends declared $         160,000     Dividends Payable   $      160,000…

Q: The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its…

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

Q: Casper Energy Exploration reports that the corporation's assets are valued at $120,000,000, its…

A: solution given Total assets 120000000 Total liabilities 76000000 Number of shares…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid…

A: 1.

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: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…

A: Dividend: It is the distribution of profit earned by a company its common stock shareholders. In…

Q: Belmont, Inc., has outstanding 10,000 shares of $200 par value, 7% nonparticipating, cumulative…

A: Workings:

Q: What is the payout ratio for Alcantara Corporation for the year ended 2011? b. What is the book…

A: Book value of common equity: Book value is the value of equity excluding the preferred stock it is…

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: Benkart Corporation has sales of \$5,000,000 , net Income of 800,000, total assets of \$2,000,000 ,…

A: A ratio that provides information regarding the share price of a company by relating it to the…

Q: AUBURN Corporation had 120,000 of ordinary shares issued and January 2 of the same year, the company…

A: Earnings per share represent the earnings held in hands of each shareholder of the company. It is…

Q: Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is…

A: The share price is the current market price of the share. It is the price of the share at any…

Q: Rogers has just completed their financial statements for the year ended 30 June 20X6. They are…

A: We have the following information: Net Profit: $1,250,000 Shares in issue: $1,000,000 of 50 cent…

Q: Over the years, Janjigian Corporation's stockholders have provided $15,950 of capital, part when…

A: GIVEN, CAPITAL =$15,950 price per share = $44 number of outstanding shares = 950

Q: Houghton Company has the following items: share capital- ordinary, $820,000; treasury shares,…

A: Shareholder's equity represents the residual amount that the business owners would receive after all…

Q: Kawther Inc. has net income of $200,000, average equity/ordinary shares outstanding of 40,000, and…

A: Earnings per share = (Net Income - preferred dividend) /ordinary shares outstanding

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: A corporation declares $32 million in net income, $4 million in preferred stock dividends, and $8…

A: Shareholder's equity or stockholder's equity is one of section which is reported under the statement…

Q: The Abel Company provided the following information from its financial records:   Net income…

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

Q: Gusion Corporation has provided the following financial data (in thousands of dollars): Total…

A: The dividend per share indicates the amount divided per share, It means how much is the dividend…

Q: AUBURN Corporation had 120,000 of ordinary shares issued and outstanding at January 1, 2021. On On…

A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

Q: Griffins Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of $73,000,…

A: Earning per share indicates that how much money a company makes for each share. It is calculated by…

Q: Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…

Q: What is the earnings per share?

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

Q: A corporation has total assets of $85 million and total liabilities of$5 million. If the corporation…

A: The value of the total shareholders' fund on the balance sheet date is called the book value of the…

Q: Ames, Inc., has a current stock price of $58. For the past year, the company had net income of…

A: Stockholders are the investors who invest their funds into the company by purchasing the stocks of…