Solution-What is the earnings per share on common stocks

What is the earnings per share on common stocks

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Reference no: EM132807029

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: EM132807029

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What is the earnings per share on common stocks

Reference no: EM132807029

Reference no: EM132807029

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