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The following information pertains to Parsons Co.:
Preferred stock, cumulative: | | |
Par value per share | | $100 |
Dividend rate | | 8% |
Shares outstanding | | 10,000 |
Dividends in arrears | | none |
Common stock: | | |
Par value per share | | $10 |
Shares issued | | 121,000 |
Dividends paid per share | | $2.10 |
Market price per share | | $47.00 |
Additional paid-in capital | | $490,000 |
Unappropriated retained earnings (after closing) | | $290,000 |
Retained earnings appropriated for contingencies | | $280,000 |
Common treasury stock: | | |
Number of shares | | 10,000 |
Total cost | | $240,000 |
Net income | | $635,000 |
Compute (assume no changes in balances during the past year): (Round per share and ratios to 2 decimal places, e.g. $15.25 or 15.25%.)
(a) | | Total amount of stockholders' equity in the balance sheet | | $ | |
(b) | | Earnings per share of common stock | | $ | per share |
(c) | | Book value per share of common stock | | $ | per share |
(d) | | Payout ratio of common stock | | | % |
(e) | | Return on common stock equity | | | % |
Answer & Explanation
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