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- The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.At the end of 2021, PT. Wardah International announced a gross profit of $1 million. The costs incurred during the year are as follows: $345,000 in operating expenses and $125,000 in interest expenses. 21% corporate tax and declared $57,000 total preferred stock dividends. Calculate: (a) Compute the earnings available for common stockholders? (b) Calculate the increase in retained earnings for 2021 If the firm provides $4.25 common stock dividend. The company has 15,000 shares of common stock outstanding.Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2019 with net profits before taxes of $447,000. The company is subject to a 21% tax rate and must pay $64,100 in preferred stock dividends before distributing any earnings on the 168,000 shares of common stock currently outstanding. a. Calculate Everdeen's 2019 earnings per share (EPS). b. If the firm paid common stock dividends of $0.76 per share, how many dollars would go to retained earnings? a. The firm's EPS is $ (Round to the nearest cent.) C
- Please answer in good accounting form. Thankyou During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par ₱10 - ₱1,000,000; 7% Preference share capital, ₱100 par, cumulative - ₱500,000. The net income for the year amounts to ₱500,000. What is the basic earnings per share?The income statement of PNE Inc. in 2022 reflects a net Income of P2,050,000. The dividend policy of the company is to pay an annual cash dividend of P2 per share to common stock regardless of the market price of the share. If the dividend yield determined for the last day of 2022 is 20%, how much is the fair value of the share? (per share)For the year 2021, Aquamarine Corporation has earned a net income of P400,000. Compute for the basic earnings per share under each of the following assumptions a. The company has only one class of stock with 100,000 shares outstanding b. The company has shares outstanding as follows: 8% Preference Share Capital P50 par, 20,000 shares outstanding Ordinary Share Capital P10 par, 100,000 shares outstanding i. Preference shares are cumulative ii. Preference shares are non-cumulative, dividends has been declared by the BOD iii. Preference shares are non-cumulative, no dividend has been declared by the BOD c. Same as letter b but with additional information with regards to the issuance of ordinary shares Jan 1 Beginning Balance 60,000 shares May 1 Additional Isuance 20,000 shares Aug 1 Additional Isuance 20,000 shares Nov 1 Additional Isuance 30,000 shares
- ABC Company ended the year with a net profit before taxes of $710000 in 2022. The company is subject to a 30% tax rate and committed to pay $43000 in preferred stock dividends before distributing any earnings on the 99000 shares of common stock currently outstanding. Calculate ABC's 2022 net income.Relenta Company reported an after-tax net profit of Rs. 3,17,000 for 2022. On April 1, 2021 the company had 96000 equity shares of Rs.10 par value and 1000 of 12%, Rs.100 convertible cumulative preference shares. Information about transactions that affected the share capital are as follows: 1. On July 1, 2021, Company declared bonus of 1 share for every 4 shares held. 2. Issued 60,000 shares at a premium of Rs.25 on October 1, 2021 On March 31, 2022, company declared preference dividends of Rs.12000. Required: 1. Analyze the basic Earning per share (EPS) for 2022. 2. Compute the diluted earning per share (EPS) assuming each preference share will be converted into 10 equity shares. 3. Comment upon the difference between the two.What impact does Target's dividendend annoucement have on it's balance sheet? Target Corporation (NYSE:TGT) recently made a dividend annoucement.The announcement read:The board of directors of Target Coporation has declared a quarterly of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of bussiness November 17, 2021. The 4th quater dividend will be the company's 217th consecutive dividend paid since October 1967 when the company became publicly held. Questions: 1. On which date will Target record a liability for the dividend? 2.On which date will Target pay the cash dividend? 3.On the date of declaration,what will the impact (increase,decrease,noeffect) on Target's:a)assets: b)liabilities; and c)stockholders' equity? 4. On the date of payement, what will be the impact (incease,decrease,no effect)on Target's:a)assets:b)liabilities: and c0 stockholdes" equity?
- Schaeffer Shippers announced on May 1 that it will pay a dividend of $5.00 per share on June 15. The firm's stock price is currently at $70 per share. Assume all investors are in the 33% tax bracket. Given that the ex-dividend date is May 29, what should happen to Schaefer's stock price on May 29? A. $70 B. $66.65 C. $65 D. $68 E. $63bmit Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2021 $103,013 103,108 37,155 $243,276 66,107 $309,383 $ 30,823 30,366 15,132 $ 76,321 76,643 $152,964 95,000 61,419 $156,419 $309,383 2020 Sales $ 89,685 85,708 33,809 $209,202 41,616 $250,818 $ 22,190 21,920 12,782 $56,892 63,593 $120,485 85,000 45,333 $130,333 $250,818 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative…Current Attempt in Progress The equity section of Crane SA appears below as of December 31, 2022 Share capital-preference (6%preference shares, R$50 par value, authorized 82,000 shares, outstanding 72,000 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income R$:07,200,000 26,400,000 R$3,600,000 10,000,000 16,400,000 133,600,000 R$163,600,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the ret income figure is a loss of R$9,600,000 (before tax) as a result of ciscontinued operations. Preference divicends of R$216,000were declared and paid in 2022 Dividends of R$800,000were ceclared and paid to ordinary shareholders in 2022 Compute earnings per share data as it should appear on the income statement of Crane SA. (Round answers to 2 decimal places, eg 148)
