FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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pls calculate cost per share, price-earnings ratio and return on equity

elected data for Stuart Company for Year 3 follows:
Earnings (net income)
Preferred stock (13,000 shares at $40 par, 6%)
Common stock (44,000 shares no par, market value $52)
Retained earnings
Less: Treasury stock
Preferred (1,600 shares)
Common (1,600 shares)
Total stockholders' equity
$ 43,000
30,000
$ 183,000
$520,000
523,000
577,500
1,620,500
73,000
$ 1,547,500
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Transcribed Image Text:elected data for Stuart Company for Year 3 follows: Earnings (net income) Preferred stock (13,000 shares at $40 par, 6%) Common stock (44,000 shares no par, market value $52) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity $ 43,000 30,000 $ 183,000 $520,000 523,000 577,500 1,620,500 73,000 $ 1,547,500
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