There were no preferred dividends in arrears.(a)Calculate the following ratios for 2023: (Round your answers to 2 decimal places, e.g. 52.75 or 52.75%.)(1)(2)(4)(5)Rate of return on common shareholders' equityPayout ratioPrice earnings ratioBook valueRate of return on total assetsLA%%times% Bridgeport Inc. has the following selected financial data:Net incomeTotal assetsPreferred shares, 3%, cumulativeCommon sharesRetained earningsAccumulated other comprehensive incomeTotal shareholders' equityCash dividends paid in the yearMarket price of common sharesWeighted average number of common sharesThere were no preferred dividends in arrears.2023$727,0005,109,000601,000327,0002,784,000134,0003,846,000124,000$96.9877,0002022$686,0004,498,000601,000327,0002,181,000119,4003,228,400168,400$62.3677,000

Accounting ratios are the comparison of different financial data to have a meaningful assessment of…

Answered: Bridgeport Inc. has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gold River Corporation has the following data: Current Assets $206,000 Total Assets $20,000 Net Income $345,000 Current Liabilities $125,000 Total Liabilities $250,000 Stockholders' equity $270,000 Average common shares outstanding 10,000 What is Gold River's current ratio? a. 2.08 b. 1.64 c. 1.56 d. 0.82
The following information (in millions of dollars) is available for Sarasota Sportswear for 2022: Sales revenue Stock price per share Average shares outstanding $6,300 Earnings per share $ $18.50 345.0 million Net income Preferred stock dividend $621.0 $0 Compute 2022 earnings per share for Sarasota Sportswear. (Round answer to 2 decimal places, e.g. 15.25.)
The following financial information is available for Flintlock Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income BIU T₂ T² Ix !!! 111 2022 lil $2,532 298 40 504 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. Comment on your findings. W 2021 $2,591 144 611 40 555 트 M II á TT ¶ O Word(s)
Holland Corporation's annual report is as follows. March 31, 2023 March 31, 2024 Net Income $359,000 $438,500 Preferred Dividends 0 0 Total Stockholders' Equity $4,230,000 $5,252,000 Stockholders' Equity attributable to Preferred Stock 0 0 Number of Common Shares Outstanding 288,000 202,000 Based on the information provided, find the rate of return on common stockholders' equity on March 31, 2024. (Round your final answer two decimal places.)
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) 2018 Common stock, $0.50 par value; 6,500,000 authorized shares; 3,577,107,522 issued shares $1,789 Other paid-in capital 31,046 Retained earnings 34,063 Accumulated other comprehensive loss (4,436) Stockholders' equity before deduction for treasury stock $62,103 Less treasury stock, at cost: 984,543,979 shares Total Merck & Co. Inc. stockholders' equity 40,743 $21,360 a. Show the computation of the $1,789 million in the common stock account. shares x $ per share is approximately $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two…
Assume that all balance sheet amounts for Sheridan Company represent average balance figures. Stockholders' equity - common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common stock dividends Preferred stock dividends $ 371000 O $2.00 $1.40 $1.94 $2.10 811000 418000 81000 38000 32000 5000 What is the earnings per share for Sheridan? Assume that all balance sheet amounts for Sheridan Company represent average balance figures. What is the earnings per share for Sheridan? $\ $ 200 $ $\$ 1.40 $ $\$ 1.94 $ $\$ 2.10 $
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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
CH Sunland Corporation had the following information in its financial statements for the years ended 2025 and 2026: Cash dividends for the year 2026 $4700 Net income for the year 2026 97700 Market price of stock, 12/31/25 10 Market price of stock, 12/31/26 12 12 Common stockholders' equity, 12/31/25 1008000 Common stockholders' equity, 12/31/26 1192000 Outstanding shares, 12/31/26 100400 Preferred dividends for the year 2026 14000 What is the rate of return on common stock equity for Sunland Corporation for the year ended 12/31/2026? 7.6% O 6.6% 8.9% 07.0% eTextbook and Media W X SPM DELL 78°F Sunny
Gusion Corporation has provided the following financial data (in thousands of dollars): Total assets.. Stockholders' equity: Preferred stock, P100 par value, 5%.. Common stock, P2 par value. Additional paid-in capital-common stock Retained earnings....... Year 2 P1,520 P200 P400 P160 P380 Year 1 P1,490 P200 P400 P160 P320 Net income for Year 2 was P110 thousand. Interest expense was P21 thousand. The tax rate was 30%. Dividends on common stock during Year 2 totaled P40 thousand. Dividends on preferred stock totaled P10 thousand. The market price of common stock at the end of Year 2 was P9.15 per share. What is the dividend yield ratio?
The following financial information is available for Wildhorse Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income Payout ratio 2022 Return on common stockholders' equity $2,526 $2,608 298 40 504 2021 2022 635 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) 40 556 % % 2021 % %

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