What is the earnings per share on common stocks

Assignment Help Financial Accounting
Reference no: EM132781168

Question - The Balance Sheets of Lopez Company at the end of each of the first two years of operations indicate the following: (in thousands)

 

2011

2010

Total Current Assets

P600

P560

Total Investments

60

40

Total PPE

900

700

Total Current Liabilities

150

80

Total Long term Liabilities

350

250

Preferred 9% stock, 100 par

100

100

Common stocks, 10 par

600

600

APIC in excess of PAR-common

60

60

Retained Earnings

300

210

Net Income is P 115,000.00 and interest expense is P30,000.00 for 2011.

Required -

1. What is the rate of return on equity for 2011?

2. What is the Earnings per share on common stocks for 2011?

3. If the Price earnings ratio is 17:1, What is the market value per share of common stock?

Reference no: EM132781168

Questions Cloud

How does world war reshape the arab world : How does World War 1 reshape the Arab world? How does the creation of nations after World War 1 by European colonial powers have profound effects on today's.
Calculate the present worth of both gradients : Calculate the present worth of both gradients to determine if the deposits will be sufficient to cover all of the withdrawals. Use interest rate of 7%.
Explain the theorists involved in behaviorism : Who are the best 3-4 theorists involved in Behaviorism? (Except Freud)
Describe what is nationalism with example : What is nationalism? How does the understanding of nationalism lead to changes in countries across Europe after 1850? What is Romanticism?
What is the earnings per share on common stocks : Net Income is P 115,000.00 and interest expense is P30,000.00 for 2011. What is the Earnings per share on common stocks for 2011
What is the correct cash in bank balance : What is the correct cash in bank balance? The bank statement showed and ending balance of P500,000. collection of a customer note by the bank of P100,000
What was the industrial revolution : What was the Industrial Revolution? Why did the Industrial Revolution begin in Britain? Which factors enabled Britain to industrialize?
Critically evaluate the concept of motivation : Critically evaluate the concept of motivation? What do you know about the process of motivation? Why the understanding of theories of motivation is crucial for
How was french society structured prior to french revolution : How was French society structured prior to the French Revolution? What issues led directly to the Revolution? Why? What did the revolutionaries mean by liberty,

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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