Exercise 10-78 Ratio Analysis Consider the following information. Stock price Common...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Exercise 10-78 Ratio Analysis Consider the following information. Stock price Common dividends Preferred dividends 2019 preferred stock 2019 total stockholders' equity Purchases of treasury stock Required: $55/share $765,000 $238,800 $6,162,000 $28,435,000 $120,000 Avg. common shares outstanding Dividends per common share Net Income 2018 preferred stock 2018 total stockholders' equity 850,000 $0.90/share $15,485,000 $5,299,000 $25,483,000 1. Calculate the stockholder payout ratios. (Note: Round answers to three decimal places.) Dividend Yield Dividend Payout 7.257 X Total Payout 6.482 X 9% Stock Repurchase Payout 0.775 98 2. Calculate the stockholder profitability ratios. (Note: Round answers as follows: Return on Common Equity to three decimal places; Earnings per Share to two decimal places.) 2019 Return on Common Equity 71.819 % Earnings per Share $ 17.94 per share
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
