You are one of the stockholder of Angat-Buhay Corporation. You own 20 shares in the company. Based on the operation of the business from 2020 and 2021, it shows the following data. In 2020, the share standing is P30,000 while the year end income is P75,000. In 2021, the share standing is P 50,000 while the year end income is P 90,000. What to do: 1. Compute the Earning Per Share based on the given data. 2. Interpret the result.

You are one of the stockholder of Angat-Buhay Corporation. You own 20 shares in the company. Based on the operation of the business from 2020 and 2021, it shows the following data. In 2020, the share standing is P30,000 while the year end income is P75,000. In 2021, the share standing is P 50,000 while the year end income is P 90,000. What to do: 1. Compute the Earning Per Share based on the given data. 2. Interpret the result.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

You are a newly employed finance manager for Finance Adventure Ltd. The following data is available for the company as of 31 June 2020: Current assets of $293,950 Current liabilities $68,700 Total assets $765,600 Equity $305,890 Required: What is the price earnings ratio (PE) of the company, given total number of outstanding ordinary shares is 57,000 and market price of each share is $22?
The shareholders’ equity of Chernasky Company at the beginning and end of 2020 totalled $15,000 and $18,000, respectively. Assets at the beginning of 2020 were $25,000. If the liabilities of Chernasky Company increased by $8,000 in 2020, how much were total assets at the end of 2020? Use the accounting equation. Please explain. a. $36,000 b. $16,000 c. $2,000 d. Some other amount (fill in blank).
a. Anaya's opening balance of retained earnings is Rs.75000, it earns net profit of Rs.45000 in 2020 and closing balance of retained earnings is Rs. 90000. Determined the percentage of net income distributed as dividend to shareholders in the following year.
I really need help on calculating the earning per share here As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $15 million, liabilities of $10 million, after-tax earnings of $2.85 million, and 2.10 million outstanding shares of common stock. Calculate the earnings per share of Bozo Oil’s common stock. Note: Round your answer to 2 decimal places. Assuming a share of Bozo Oil’s common stock has a market value of $40, what is the firm’s price-earnings ratio? Note: Round your intermediate calculation to 2 decimal places and final answer to the nearest whole number. Calculate the book value of a share of Bozo Oil’s common stock. Note: Round your answer to 2 decimal places.
Instructions: b)Prepare the stockholders’ equity section of the balance sheet for Wiley Corporation on December 31, 2021. Assume that net income for the year was $1,100,000.
Show all of your work for numerical problems. 1. Based on the following information for ABC Corporation, answer each question (calculate for year 2023). Assume that price per share is $13.33 and number of shares is 175. Sales Cost of goods sold/Expenses Depreciation b. EBIT Interest Taxable Income Taxes Net Income Dividends Cash Inventory Account Receivable Current assets Net fixed assets Current liabilities Long-term debt Common stock Retained Earning 2022 1,000 1,400 1,600 4,000 9,000 3,500 4,000 3,000 2,500 2023 8,000 4,900 600 ? 450 ? ? ? 1,370 1,200 1,600 1,800 4,600 9,200 3,700 4,300 3,050 2,750 a. What are the ABC's tax liabilities (tax payments)? Use a 21 percent (flat) tax rate. Calculate cash flow from assets (CF Generating), cash flow to creditors, and cash flow to stockholders. Check CF identity
In the following table you are given for a company the earnings per share and the dividend per share for the last three years: earnings per share Dividend Year per share 2019 2020 2021 $0.15 $0.18 $0.21 $0.03 $0.036 $0.042 According to the estimates of the financial department of the company, the expected earnings per share for 2022 will be €0.24 and for 2023 will be €0.27. The profit growth rate from there on is expected to be 8% per year. If the required return from investors to buy a share with a risk equal to that of this company is 11%, what is the economic value of the share at the end of 2021 with the assumption that the percentage of profits distributed as a dividend remains constant?
As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $16 million, liabilities of $11 million, after-tax earnings of $2.35 million, and 1.60 million outstanding shares of common stock. Calculate the earnings per share of Bozo Oil’s common stock. Note: Round your answer to 2 decimal places. Assuming a share of Bozo Oil’s common stock has a market value of $40, what is the firm’s price-earnings ratio? Note: Round your intermediate calculation to 2 decimal places and final answer to the nearest whole number. Calculate the book value of a share of Bozo Oil’s common stock. Note: Round your answer to 2 decimal places.
Listed here are data for five companies. These data are for the companies' 2019 fiscal years. The market price per share is the closing price of the companies' stock the day after they announced their 2019 earnings. Except for market price per share, all amounts are in millions. The shares outstanding number is the weighted-average number of shares the company used to compute basic earnings per share. Note that the numbers for Mountainview Investments are significantly different that the other companies. For example, the number for its shares outstanding includes a decimal, not a comma. Its shares outstanding are about are 1.6 million, not 1.6 billion. Company Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation Net Earnings $12,495 82,355 15,280 8,255 6,088 Company Stockholders' Shares Market Price Equity Outstanding per Share $62,998 1,415 $2,006.00 429,386 1.652 Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation 199,674…
Prepare the stockholders’ equity section of the balance sheet for Wiley Corporation on December 31, 2021. Assume that net income for the year was $1,100,000.
Data table Income Statement-partial: Net Income Balance Sheet-partial: Total Assets Paid-In Capital: Preferred Stock-2%, $5 Par Value; 85,000 shares authorized, 5,000 shares issued and outstanding Common Stock-$3 Par Value; 85,000 shares authorized; 55,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Print $ $ $ $ Done 2024 22,500 $ 260,000 $ Dec. 31, 2024 Dec. 31, 2023 25,000 $ 165,000 2023 5,000 52,000 247,000 $ 25,000 265,000 25,000 165,000 5,000 30,000 225,000
Terry Company began operations on January 1, 2019, with an investment of $62,000 by each of its two stockholders, or a total of $124,000. Net income for its first year of business was $218,000. During the year, the company paid dividends of $30,000 each of its two stockholders. How much is the company's ending Stockholders' Equity on December 31, 2019? Select one: a. $216,000 b. $278,000 c. $248,000 d. $282,000