Compute the earnings per share on common stock

Assignment Help Accounting Basics
Reference no: EM132441070

Question - The balance sheet for the Byrne Dareed Corp. showed liabilities and stockholders' equity balances at the end of each year as given below:

 

2010

2011

Current liabilities

$750,000

$600,000

Bonds payable

1,200,000

1,200,000

Preferred 10% stock, $10 par

900,000

750,000

Common stock, $20 par

2,250,000

1,875,000

Additional paid-in capital

450,000

375,000

Retained earnings

750,000

540,000

Net income

375,000

300,000

Market price per share, December 31

65

60

Common stock dividends

75,000

45,000

Based on the data provided, compute the following ratios for 2011:

(1) The rate of earnings on average total stockholders' equity.

 (2) The number of times bond interest requirements were earned.

(3) The rate earned on average common stockholders' equity.

(4) The earnings per share on common stock.

(5) The price-earnings ratio.

(6) Book value per share

(7) Debt-to-equity ratio.

Reference no: EM132441070

Questions Cloud

What different kind in human society associated to liberty : humans were made to live Robots, programmed to be incapable committing crimes? Which would you prefer, and why?What different kind in human society associated
Evaluate significance of a global welfare problem : Discuss how this has implications for people's welfare and assess the policies interventions of only one international government organisation
What is the current book value of the equipment : ABC purchased $55,540 of equipment 2 years ago. The equipment is 7-year MACRS property. What is the current book value of the equipment?
How the classic play Tartuffe expresses comedy : Write an essay analyzing how the classic play Tartuffe expresses comedy through dialogue and behavior. Choose one, two or more specific lines, behaviors
Compute the earnings per share on common stock : Based on the data provided, compute the following ratios for 2011: the earnings per share on common stock and the price-earnings ratio
Does it offer evidence of social responsibility : What companies in your industry have a high level of corporate ethics? Do corporate ethics differ in a global environment?Define ethics
Making income statement for stein books : Stein Books Inc. sold 1,500 finance textbooks for $225 each to High Tuition University in 20X1. These books cost $190 to produce. Stein Books spent
State the required components of a food label : State the United States Departmetn of Agriculture requirements for labeling a product "100% organic," "organic" and "made with organic ingredients."
What is the current stock price for fast-track inc : What is the current stock price for Fast-Track Inc? Assume that any dividend at t=0 has already been paid out.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are your obligations under the sstss

What are your obligations under the SSTSs?

  Compute the adjusted net income to be used as the numerator

charles austin of the controllers office of thompson corporation was given the assignment of determining the basic and

  Depreciation on motor vehicles

Depreciation on Motor Vehicles @ half ,editors incorporate a case for harms of Rs. 30,000 and which was settled by paying Rs. 20,000.

  What is the carrying value of flint investment

The fair value of the shares on December 31, 2017 was $590,000. What is the carrying value of Flint's investment in White at December 31, 2017

  Discuss the business environment at xerox

Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP and explain which approach you believe most accurately reflects the information on the financial ..

  Analyze the financial results of corporations

Ratio analysis is quantitative analysis of information contained in a company's financial statements. Common-size analysis converts each line.

  Discuss assets of additively in context of iasb framework

With reference to the above statementdescribewhat you understand by the term asset and how they are measured. Discuss assets and the problem of additively in the context of the present IASB framework.

  Following capital budgeting techniques assumes

Which of the following capital budgeting techniques assumes that funds recieved periodically during the course of a project are reinvested by the firm at the firm's cost of capital?

  Post the above transactions in the t-accounts given below

the marchetti soup company entered into the following transactions during the month of june a purchased inventory on

  Prepare an absorption costing income statement for 2014

Assuming the company uses variable costing, calculate Felde manufacturing cost per unit for 2014.

  What is the purpose of an audit program

What is the purpose of an audit program? Why auditors translate audit assertions into specific audit objectives when developing an audit program

  Which of the six is likely to have largest financial impact

Which of the six is likely to have the largest financial impact of a company's income statement, and of course, please explain why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd