The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par value (no change during the year) $2,800,000 Preferred $10 stock, $100 par (no change during the year) 2,000,000 The net income was $396,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $10.50 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a.  Earnings per Share $fill in the blank 1   b.  Price-Earnings Ratio fill in the blank 2   c.  Dividends per Share $fill in the blank 3   d.  Dividend Yield fill in the blank 4 %

Los Altos, Inc., disclosed the following information in a recent annual report:   Year 1 Year 2 Net income $73,500 $123,750 Preferred stock dividends 6,300 6,750 Average common stockholders’ equity 2,700,000 3,150,000 Dividend per common share 2.70 2.52 Earnings per share 3.99 4.61 Market price per common share, year-end 41.00 47.30 Calculate the return on common stockholders’ equity for Los Altos, Inc. for both years.Round to two decimals.   Year 1 Year 2 Return on Common Stockholders' Equity Answer Answer Did the return improve from Year 1 to Year 2? Answer

Balance sheet and income statement data indicate the following: Bonds payable, 8% (due in 15 years) $1,293,062 Preferred 8% stock, $100 par       (no change during the year) 200,000 Common stock, $50 par       (no change during the year) 1,000,000 Income before income tax for year 411,786 Income tax for year 123,536 Common dividends paid 60,000 Preferred dividends paid 16,000     Based on the data presented, what is the times interest earned ratio (round to two decimal places)? a.4.98 b.2.79 c.1.79 d.3.98

Shareholders' Equity Tinman Corporation reports the following balances at the end of the current year: Common Stock, $5 par, $50,000; Retained earnings, $110,000; Additional Paid-in Capital on Common Stock, $200,000; Income Taxes Payable, $9,800; and Accumulated Other Comprehensive Income, $26,000. Prepare the shareholders' equity section of Tinman's year-end balance sheet. Tinman Corporation Partial Balance Sheet December 31 Shareholders' Equity Contributed Capital: Total contributed capital Total Shareholders' Equity

Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Prior Year Accounts payable $618,000 $300,000 Current maturities of serial bonds payable 550,000 550,000 Serial bonds payable, 10% 2,480,000 3,030,000 Common stock, $1 par value 90,000 120,000 Paid-in capital in excess of par 1,000,000 1,010,000 Retained earnings 3,470,000 2,750,000 The income before income tax expense was $757,500 and $662,800 for the current and prior years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Current year fill in the blank 1 Prior year fill in the blank 2 b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year fill in the blank 3 Prior year fill in the blank 4 c. The ratio of liabilities to stockholders' equity have improved and the…

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…

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Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000   Preferred dividends $50,000   Average number of common shares outstanding 80,000 shares Compute the earnings per share for the year. a.$5.00 b.$6.25 c.$5.63 d.$6.00

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $30 par value (no change during the year) $5,400,000 Preferred $5 stock, $100 par (no change during the year) 2,000,000 The net income was $604,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $22.40 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a.  Earnings per Share $fill in the blank 1   b.  Price-Earnings Ratio fill in the blank 2   c.  Dividends per Share $fill in the blank 3   d.  Dividend Yield fill in the blank 4 %