LILSO’s group's published annual report showed the following: -Operating profit for the year was EGP 4,000,000. -Interest Expense was EGP 700,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 250,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 11% dividends for each preferred stock

LILSO’s group's published annual report showed the following: -Operating profit for the year was EGP 4,000,000. -Interest Expense was EGP 700,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 250,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 11% dividends for each preferred stock

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
LILSO’s group's published annual report showed the following: -Operating profit for the year was EGP 4,000,000. -Interest Expense was EGP 700,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 250,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 11% dividends for each preferred stock, answer the following questions a) How much are the total earnings will be available for common stock holders? b) Calculate the Earnings per share (EPS) and the Dividends per share (DPS) if the board of directors decided to retain 70% of the year's earnings for further investment.
the published annual report showed the following: -Operating profit for the year was EGP 5,000,000. -Interest Expense was EGP 800,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 300,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 10% dividends for each preferred stock, answer the following questions How much are the total earnings will be available for common stockholders? Calculate the Earnings per share (EPS) and the Dividends per share (DPS) if the board of directors decided to retain 70% of the year's earnings for further investment. 2---is considering replacing a production line with a new, more productive one. You are given the information that follows. The existing production line currently generates $150,000 profit per year and could be sold today for $50,000. The new proposed production line would generate profits of $150,000 per year The new proposed production line requires an initial…
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The Namleda Corporation has an income statement that indicates thatoperating income is $2,375,486 and pays interest of $100,000 and taxes of$900,000. The corporation currently has an average of 3 million shares ofcommon stock outstanding and 1 million shares of preferred stock, whichpays a dividend of $1.00 per share. What is the corporation’s approximateearnings per share?
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Amanda Company has 40,000 shares of common stock outstanding. The book value per share of this stock was P60.00 and the market value per share was P75.00 at the end of the year. Net income for the year was P400,000. Interest on long-term debt was P40,000. Dividends paid to common stockholders were P3.00 per share. The tax rate was 30 percent. Amanda's price-earnings ratio at the end of the year was * Choices: 6. 7.5. 20. 25.