13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock

Comparative statements of shareholders’ equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023.  ANACONDA INTERNATIONAL CORPORATIONStatements of Shareholders' EquityFor the Years Ended Dec. 31, 2021, 2022, and 2023($ in millions)   Preferred Stock$10 par   Common Stock$1 par   AdditionalPaid-In Capital   Retained Earnings   TotalShareholders' Equity Balance at January 1, 2021       65       520       1,860       2,445   Sale of preferred shares 30             900               930   Sale of common shares       7       56               63   Cash dividend, preferred                       (3 )     (3 ) Cash dividend, common                       (17 )     (17 ) Net income                       340       340   Balance at December 31, 2021 30     72       1,476       2,180       3,758   Retirement of shares       (2 )     (16 )     (24 )     (42 ) Cash dividend, preferred…

The Stockholders' Equity accounts of ExxonMobil on December 31, 2022 were as follows: Preferred Stock ( 6%, $100 par, cumulative, 800 authorized) $720,000 Common Stock ($3 par, 1,500,000 authorized) 1,080,000 APIC - Preferred Stock APIC-Common Stock Retained Earnings Treasury Stock - Common ($9 cost) During 2023, ExxonMobil had the following transactions and events pertaining to its stockholders' equity: March 21: Issued 24,000 shares of Common Stock in exchange for Land. On the date of purchase, the Land had a Fair Market Value of $210,000 and the stock was selling for $11 per share. April 17: Sold 1,800 shares of Treasury Stock - Common for $12 per share. November 22: Purchased 800 shares of Common Stock for the Treasury at a cost of $7,560. December 31: Determine that net income for the year was $556,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 12. Preferred dividends are…

[The following information applies to the questions displayed below.]   Markus Company’s common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year’s financial statements:          EndingBalance BeginningBalance Cash $ 49,000 $ 44,200 Accounts receivable $ 92,000 $ 68,700 Inventory $ 76,300 $ 92,000 Current assets $ 217,300 $ 204,900 Total assets $ 801,000 $ 875,400 Current liabilities $ 85,500 $ 90,000 Total liabilities $ 206,000 $ 185,400 Common stock, $1 par value $ 165,000 $ 165,000 Total stockholders’ equity $ 595,000 $ 690,000 Total liabilities and stockholders’ equity $ 801,000 $ 875,400           This Year Sales (all on account) $ 1,095,000 Cost of goods sold $ 635,100 Gross margin $ 459,900 Net operating income $ 313,875 Interest expense $ 15,500 Net income $ 208,862     10. What is the…

The following balances were taken from the records of Cullumber Company: Common stock (1/1/20 and 12/31/20) $724, 200 Retained earnings 1/1/20 $ 161,000 Net income for 2023 181,000 Dividends declared in 2023 (41,000) Retained earnings, 12/31/20 301,000 Total stockholders' equity on 12/31/20 $ 1,025, 200 Marigold Company purchased 75% of Cullumber Company's common stock on January 1, 2021 for $901,500. The difference between implied value and book value is attributable to assets with a remaining useful life on January 1, 2023 of ten years. (a) Compute the difference between cost/(implied) and book value applying: Difference 1. Parent company theory $ 2. Economic unit theory $

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $2,490,300    $2,110,600    Net income 532,000   432,300   Dividends:           On preferred stock (7,000)   (7,000)     On common stock (45,600)   (45,600)   Retained earnings, December 31 $2,969,700    $2,490,300    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,055,050   $2,814,770   Cost of merchandise sold 1,160,700   1,067,840   Gross profit $1,894,350   $1,746,930   Selling expenses $610,240   $744,410   Administrative expenses 519,840   437,200   Total operating expenses $1,130,080   $1,181,610   Income from operations $764,270   $565,320   Other revenue and expense:…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

Financial statement data for the current year for Hanz Corp. are as follows: Line Item Description Amount Net income $5,700,000 Preferred dividends $70,000 Average number of common shares outstanding 200,000 The earnings per share for the current year are? a.$28.15 b.$28.50 c.$28.85 d.$0.35

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…