[The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 465,000 $ 730,000 $ 1,110,000 93,000 68,000 $ 770,000 The common stock was sold at a price of $23 per share.

The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.

Stockholder Profitability Ratios The following information pertains to Montague Corporation Required: Calculate the return on common equity and the earnings per share. (Note: Round answers to two decimal places.)

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:   December 31   20Y7 20Y6 20Y5 Total assets $242,000   $218,000   $194,000   Notes payable (8% interest) 80,000   80,000   80,000   Common stock 32,000   32,000   32,000   Preferred 3% stock, $100 par 16,000   16,000   16,000     (no change during year)             Retained earnings 90,020   66,300   48,000   The 20Y7 net income was $24,200, and the 20Y6 net income was $18,780. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a.  Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place.   20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill in the blank 3 % fill in…

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:   December 31   20Y7 20Y6 20Y5 Total assets $196,000   $177,000   $158,000   Notes payable (8% interest) 70,000   70,000   70,000   Common stock 28,000   28,000   28,000   Preferred 6% stock, $100 par 14,000   14,000   14,000     (no change during year)             Retained earnings 70,855   52,585   42,000   The 20Y7 net income was $19,110, and the 20Y6 net income was $11,425. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a.  Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place.

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:   December 31   20Y7 20Y6 20Y5 Total assets $275,000   $248,000   $221,000   Notes payable (8% interest) 90,000   90,000   90,000   Common stock 36,000   36,000   36,000   Preferred 3% stock, $100 par 18,000   18,000   18,000     (no change during year)             Retained earnings 102,555   70,255   54,000   The 20Y7 net income was $32,840, and the 20Y6 net income was $16,795. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a.  Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. Return on total assets Return on stockholders’ equity Return on common stockholders’ equity

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1 Line Item Description     20Y2     20Y1 Retained earnings, January 1 $3,704,000  $3,264,000  Net income $600,000  $550,000  Dividends:         On preferred stock (10,000) (10,000)     On common stock (100,000) (100,000) Increase in retained earnings $490,000  $440,000  Retained earnings, December 31 $4,194,000  $3,704,000    Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 Line Item Description     20Y2     20Y1 Sales $10,850,000  $10,000,000  Cost of goods sold (6,000,000) (5,450,000) Gross profit $4,850,000  $4,550,000  Selling expenses $(2,170,000) $(2,000,000) Administrative expenses (1,627,500) (1,500,000) Total operating expenses $(3,797,500) $(3,500,000) Operating…

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:   December 31   20Y7 20Y6 20Y5 Total assets $174,000   $157,000   $140,000   Notes payable (8% interest) 60,000   60,000   60,000   Common stock 24,000   24,000   24,000   Preferred 6% stock, $100 par 12,000   12,000   12,000     (no change during year)             Retained earnings 70,170   47,100   36,000   The 20Y7 net income was $23,790, and the 20Y6 net income was $11,820. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a.  Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. When required, round to one decimal place.   20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill in the blank 3 % fill…

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:   December 31   20Y7 20Y6 20Y5 Total assets $174,000   $157,000   $140,000   Notes payable (8% interest) 60,000   60,000   60,000   Common stock 24,000   24,000   24,000   Preferred 6% stock, $100 par 12,000   12,000   12,000     (no change during year)             Retained earnings 63,550   47,100   36,000   The 20Y7 net income was $17,170, and the 20Y6 net income was $11,820. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a.  Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. When required, round to one decimal place.   20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill in the blank 3 % fill…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $2,490,300    $2,110,600    Net income 532,000   432,300   Dividends:           On preferred stock (7,000)   (7,000)     On common stock (45,600)   (45,600)   Retained earnings, December 31 $2,969,700    $2,490,300    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,055,050   $2,814,770   Cost of merchandise sold 1,160,700   1,067,840   Gross profit $1,894,350   $1,746,930   Selling expenses $610,240   $744,410   Administrative expenses 519,840   437,200   Total operating expenses $1,130,080   $1,181,610   Income from operations $764,270   $565,320   Other revenue and expense:…