Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%.
Q: On December 31, 2020, Berclair Inc. had 340 million shares of common stock and 3 million shares of…
A: The weighted average shares are calculated on the basis of the time period outstanding for the…
Q: On December 31, 2020, Berclair Inc. had 220 million shares of common stock and 3 million shares of…
A: Basic EPS is the earnings per outstanding common share without considering any potential dilution…
Q: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 7 million shares of…
A: Earning per share means earning per share given by company to it's share holders. Formula Earning…
Q: Colson Corp. had $800,000 net income in 2025. On January 1, 2025, there were 200,000 shares of…
A: It represents the portion of a company's profit allocated to each outstanding share of common stock.…
Q: BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred…
A: Earnings per share (EPS) are the company’s profit which is divided by outstanding common stock per…
Q: On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 8 million shares of…
A: Earnings per share (EPS) is a financial metric that measures a company's net profit divided by its…
Q: Veritox at January 1, 2020, had 450,000 common shares outstanding (no preferred shares issued).…
A: Weighted average number of common shares outstanding are calculated to calculate the Basic earning…
Q: As of Dec. 31, 2020, DM Corporation has 10% Preference shares (cumulative and participating) with…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: In 2020, Caterpillar Incorporated had about 540 million shares outstanding. Their book value was…
A: (a) Therefore, the Caterpillar's book debt-to-value ratio= 0.58 ( Round to two decimal places).…
Q: Crane Corp's net income for 2023 is $153,920. The only potentially dilutive securities outstanding…
A: A company's profits per share as if all convertible securities were converted are measured as…
Q: The market capitalization of Abutia Plc as at 31 December 2018 was GHC21 million. The stated capital…
A: Price Earning Ratio refers to a financial ratio that is being used in order to value a stock and…
Q: As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: On December 31, 2020, Berclair Inc. had 560 million shares of common stock and 3 million shares of…
A: Earnings per share are the net income after tax of an entity which is attributable to the equity…
Q: Kalin Corporation had 2020 net income of $1,000,000. During 2020, Kalin paid a dividend of $2 per…
A: Preferred dividend = No. of preferred stock x dividend per share = 100,000 shares x $2 = $200,000
Q: Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000…
A: Income statement: The income statement is one of the three primary financial statements used to…
Q: Company had 490, 000 shares of common stock outstanding during the year 2025. In addition, 77, 000…
A: Shares -Investments are made by investors who trade funds for shares, which are units of ownership…
Q: On December 31, 2020, Berclair Inc. had 540 million shares of common stock and 21 million shares of…
A: The financial metric known as earnings per share (EPS) reveals how much of a company's net income is…
Q: n 2021, Ehrlich Corporation reported net income of $700,000. It declared and paid preferred stock…
A: Solution: Earnings per share is the monetary value of earnings per outstanding share of common stock…
Q: Metlock Company's net income for 2025 is $49,200. The only potentially dilutive securities…
A: Earnings per share is the per share value paid to the shareholders of the entity from the profits.…
Q: Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $50,000…
A: Dividend payout ratio is calculated by dividing the total dividend paid by the net income earned…
Q: Karsan Otomativ had 757 million shares outstanding with a book value of $41.0 per share in 2020. The…
A: Book value of debt It is the total amount the company owes, which is recorded in the company books.…
Q: Sandhill Corporation had 2020 net income of $1,066,000. During 2020, Sandhill paid a dividend of $2…
A: EARNING PER SHARE IS THE PORTION OF A COMPANY'S PROFIT ALLOCATED TO EACH OUTSTANDING SHARE OF COMMON…
Q: Tamaris Company's net income for 2025 is $598.000, and 84,000 shares of common stock were issued and…
A: Diluted Earnings Per Share (EPS) is a financial metric that goes beyond basic EPS by accounting for…
Q: For 2021, the annual earnings for General Jet Aviation were $6,200,000. The corporation has…
A: The question is related to Current Yield, Earnings per Share and PE Ratio. The Current Yield is…
Q: In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred…
A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…
Q: Shutterpics reported net income of $453 million in 2021 (tax rate 25%). The Company's capital…
A: Earnings per share is the ratio of net income available for the common shareholders divided by the…
Q: Kimber Inc. reported net income of $177,500 during 2021. At January 1, 2021 Kimber had 100,000…
A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…
Q: The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10…
A: Total market value of Ordinary Share Capital = Ordinary Share Capital + Share Premium = 500,000 +…
Q: Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in…
A: The total price-earnings ratio has been calculated by dividing the market price per share by…
Q: Stanko Company reported $752.4 million in net income in 2024. On January 1, 2024, the company had…
A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…
Q: In December 2019, Al Muntar Co. had a share price of $39.20. They had 81.33 million shares…
A: Market capitalization is calculated multiplying current market value of the share with number of…
Q: Careful Carol's Creamy Crumpets had 200,000 shares of common stock outstanding at 12/21/2020. On…
A: Earnings per share It is also called as EPS. It indicates the amount of share of each stock in the…
Q: On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 3 million shares of…
A: Diluted earnings per share (diluted EPS) is calculated under the assumption that all convertible…
Q: Blue Co. earns P2,850,000 in 2021 and it has a total outstanding shares of 425,000. On 2022, the…
A: Plowback ratio which is most commonly termed as retention ratio is a type of ratio that depicts and…
Q: In January 2021, Tesla Inc shares were priced at $860. The value of the company at that stock price…
A: Price earning ratio- It is used for valuing a company and it is calculated as Market price of share…
Q: Blossom Corp. had $670,000 net income in 2025. On January 1, 2025, there were 180,000 shares of…
A: It represents the portion of a company's profit allocated to each outstanding share of common stock.…
Q: Im, Incorporated had 52,000 shares of common stock outstanding at January 1, 2024. On March 31,…
A: Earnings per share is the amount of money per share, earned by the shareholders of the entity. It is…
Q: a.)Pharoah Company’s net income for 2020 is $709,000, and 94,000 shares of common stock were issued…
A: A) 94,000 shares was outstanding for period 12 months Net Income for 2020 $709000 stock…
Q: Dulcinea Corporation had $1,000,000 of net income in 2022. On January 1, 2022, there were 225,000…
A: Earning per share is helpful in measuring the profitability level of the company which can be…
Q: Pina Colada Corp. had net income of $1612000 and paid dividends to common stockholders of $403000 in…
A: The question is based on the concept of Payout ratio
Q: Company B had net income for the fiscal year ended December 31, 2020 of $5 million. There were…
A: Earnings per share (EPS) = (Net income – Preference Dividends) / Weighted average common share…
Q: Numerator, Denominator Earnings per Share %3D %3D %3D
A: Basic Earning per share: Earnings per share = company's profit / Outstanding shares of its common…
Q: Veritox at January 1, 2020, had 450,000 common shares outstanding (no preferred shares issued).…
A: Shares- The business's financial resources are its shares. Shareholders receive capital gains if…
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps
- Novak Company’s net income for 2020 is $594,000, and 91,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 26,000 executive stock options issued during 2019, each exercisable for one share at $19.50, none of these have been exercised. The average market price of Novak’s stock during 2020 was $25.00.(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter a dollar amount rounded to 2 decimal places (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2020, with an exercise price of $26.00 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $28.50. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter the diluted earnings per share in dollar rounded to 2 decimal placesThe total stockholders' equity of Honest Corporation is P748,125 on December 31, 2020, with total 50,000 shares issued. The authorized capital stock is P1,000,000 at P10 par value and there are 2,500 treasury shares. What is the book value per share?Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is? A. $3.9 per share. B. 13.6%. C. 16.6%. D. 9.7%.
- On December 31, 2020, Berclair Inc. had 460 million shares of common stock and 9 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 48 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Eight million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $800 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)Stone Company reported net income of $4,500,000 in 2024. The weighted average number of common shares outstanding during 2024 was 200,000 shares. Stone paid $ 250,000 in dividends on preferred stock, which was convertible into 40,000 shares of common stock. How much is basic earnings per share for 2024?On December 31, 2020, Berclair Inc. had 340 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $400 million. The income tax rate is 25%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your…
- Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is 12.98%. 14.80%. 7.40%. $7.70 per share.Indigo Company's net income for 2025 is $641,000, and 79,000 shares of common stock were issued and outstanding during 2025. The only potentially dilutive securities outstanding were 27,000 executive stock options issued during 2024, each exercisable for one share at $19.50; none of these have been exercised. The average market price of Indigo's stock during 2025 was $25. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2025, with an exercise price of $26 (the market price of the common stock on that date). The average market price during the last 3 months of 2025 was $28.50. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $Stanley Department Stores reported net income of $986,000 for the year ended December 31, 2024. Additional Information: Common shares outstanding at January 1, 2024 150,000 Incentive stock options (vested in 2023) outstanding throughout 2024 36,000 (Each option is exercisable for one common share at an exercise price of $29.00) During the year, the market price of Stanley’s common stock averaged $34.80 per share. On August 30, Stanley sold 15,000 common shares. Stanley’s only debt consisted of $48,000 of 10% short-term bank notes. The company’s income tax rate is 25%.
- The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?146. Oriole Company had net income of $2023000 and paid dividends to common stockholders of $316000 in 2017. The weighted average number of shares outstanding in 2017 was 421000 shares. Oriole Company common stock is selling for $50 per share on the NASDAQ. Tito Corporation's payout ratio for 2017 is $5 per share. 1696 13%. 89%.On January 1, 2023, Blue Corp. had 182,000 common shares outstanding. On April 1, 2023, 18,200 common shares were issued and on September 1, 2023, Blue bought back 28,200 treasury shares. The market price of the common shares averaged $50 during 2023. The corporation's income tax rate is 40%. During 2023, there were 28,200 call options to buy common shares at $40 a share outstanding; and there were 18,200, $8, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares. During 2022, the corporation had issued $2,020,000 of 9% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. The corporation reported $729,000 net income for calendar 2023. Calculate diluted earnings per share for 2023. Complete the schedule below. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round earnings per share to 2 decimal places, e.g. 52.75.)…