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Presented below is information related to Johnson Corporation: Common Stock, $1 par $5,500,000 Paid-in Capital...

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Accounting

  1. Presented below is information related to Johnson Corporation:

    Common Stock, $1 par $5,500,000

    Paid-in Capital in Excess of ParCommon Stock 350,000

    Preferred 8 1/2% Stock, $50 par 1,000,000

    Paid-in Capital in Excess of ParPreferred Stock 200,000

    Retained Earnings 1,200,000

    Treasury Common Stock (at cost) 120,000

    The stockholders' equity of Johnson Corporation is:

    $6,930,000

    $7,050,000

    $8,130,000

    $7,580,000

QUESTION 3

  1. Woodrow Corporation had the following information in its financial statements for the years ended 2017 and 2018:

    Cash dividends for the year 2018 $ 4,000

    Net income for the year ended 2018 90,000

    Market price of stock, 12/31/17 20

    Market price of stock, 12/31/18 22

    Common stockholders equity, 12/31/17 1,500,000

    Common stockholders equity, 12/31/18 1,800,000

    Outstanding shares, 12/31/18 150,000

    Preferred dividends for the year ended 2018 10,000

    What is the rate of return on common stock for Woodrow Corporation for the year ended 2018?

    4.45%

    4.85%

    5.0%

    5.34%

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