What is the earnings per share on common stocks

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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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