On January 1st, one company has total stockholders' equity of $158,000. During the month, it had net income of $29,000 and paid off $36,000 in business debt. Assuming no other transcations occured during the month, one company's total stockholders' equtiy as of Janurary 31st is what?
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On January 1st, one company has total
Assuming no other transcations occured during the month, one company's total stockholders' equtiy as of Janurary 31st is what?
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- On 9/1, one company had total stockholders' equity of $158,000. During the month, it had net income of 29,000 and paid off $36,000 in business debt. Assuming no other transactions occured, one company's total stockholders' equity as of 9/30 is what?Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $290,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $3.95 per share during the year. Also assume that the company's common stock had a market price of $70 at the end of the year and there was no change in the number of outstanding shares of common stock during the year. Required: Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.) 4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Dividend payout ratio % 3. Dividend yield ratio % 3.…Crane Jewelers management announced that the company had net earnings of $4,356,000 for this year. The company has 1,613,000 shares outstanding, and the year-end stock price is $68.91. What are Crane’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)
- During its first year of operations, Bridgeport Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 66,000 shares for cash at $6 per share. Issued 44,500 shares for cash at $10 per share. July (a) 1 Journalize the transactions, assuming that the common stock has a par value of $6 per share. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 2A 3 m tv N Debit alı Credit 4. A 1During its first year of operations, Oriole Corporation had these transactions pertaining to its common stock. Issued 26,500 shares for cash at $5 per share. 1 Issued 57,500 shares for cash at $7 per share. Jan. 10 July (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)During its first year of operations, Cullumber Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 27,400 shares for cash at $5 per share. July 1 Issued 62,000 shares for cash at $8 per share. (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan, 10 $ July 1 Assets Cash eTextbook and Media $ Liabilities + $ Common Stock Paid-in-Capital + PIC in Excess of Par Value Com. $ + $ Revenue Stockholders' Equity $ Expense Retained Earnings $ Dividend Common stock Dividends Interest expense Paid-in-capital in excess of common stock Paid-in-capital in excess of preferred stock Preferred stock
- At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATIONBalance SheetAt December 31, Prior Year Stockholders’ equity Contributed capital Common stock (par $10; 5,100 shares) $ 51,000 Paid-in capital 18,000 Total contributed capital 69,000 Retained earnings 42,000 Total stockholders’ equity $ 111,000 During the current year, the following selected transactions (summarized) were completed: Sold and issued 1,800 shares of common stock at $24 cash per share (at year-end). Determined net income, $48,000. Declared and paid a cash dividend of $3 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders’ equity for the year ended December 31, current year.The annual accounts of a trading company are to be made Up to December 31 but it was not possible to carry out a stock taking until January 5 on which date the stock was valued at cost at $ 68,567. The following transactions took place between 1ª and 5th January: Goods received 4,600 Goods returned 200 Sales . 10,500 Return by Customers . 625 The rate of gross profits is 25% of cost . Prepare a Statement to show the valuation of stock as at December 31".Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferred stock for the year. At year-end, the company had 400,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company’s basic EPS? Round your answer to the nearest whole cent.
- The Retained Earnings balance was $64,120 on January 1. Net income for the year was $50,680. If Retained Earnings had a credit balance of $66,640 after closing entries were made for the year, and if additional stock of $14,560 was issued during the year, what was the amount of dividends declared during the year?A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) Debt ratio (b) Equity ratio (c) Debt-to-equity ratio (d) Times interest earned (e) Total asset turnover Net sales. Cost of goods sold. Gross profit. Operating expenses Operating income. Interest expense Income before taxes. Income taxes Net profit Cash Accounts receivable (net) Inventory Property, plant and equipment (net). Total assets Current liabilities. Long-term notes payable. Share Capital: $5 par value. Retained earnings. Total liabilities and equity $650,000 422,500 $227,500 140,500 $ 87,000 9,100 $ 77,900 23,400 $ 54,500 Ending Balances $ 19,500 65,000 71,500 195,000 $351,000 $74,100 97,500 65,000 114,400 $351,000During its first year of operations, Larkspur, Inc. had the following transactions pertaining to its common stock. Jan. 10 Issued 75,000 shares for cash at $6 per share. July 1 Issued 41,000 shares for cash at $9 per share. A.) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit B.) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per…
