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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Research and Analysis Using the Annual Report

Obtain Priceline.com’s 2016 10-K (filed February 27, 2017) either through the “Investor Relations" portion of its website (do a web search for Priceline investor relations), or go to www.sec.gov and click “Company Filings Search” under “Filings.”

6. Taking the weighted average number of basic common shares outstanding from the EPS information at the bottom of the income statement, calculate the stockholder profitability ratios.

To determine

Introduction:

Analyzing the financial statements helps the stockholders access the profitability of the firm. There are mainly 2 Stockholder profitability ratios i.e. Return on common equity and earnings per share.

To calculate:

Stockholder profitability ratios of Company P.

Explanation

Weighted average basic Common Shares Outstanding = 49,491

Net Income = $2,134,987

Preferred Dividend = $0

Total Stockholders’ equity for 2016 = $9,820,142

Total Stockholders’ equity for 2015 = $8,795,469

Return on Common Equity = (Net Income - Preferred Dividend)Average Stockholders’ equity

Average Stockholders’ equity = Stockholders’ equity for 2016+ Stockholders’ equity for 20152

Average Stockholders’ equity = $9,820,142+ $8,795,4692

Average Stockholders’ equity = $9,307,805

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