Academy Driving School reported the following amounts in its financial statements: Year 1 Year 2 Number of common shares 11,600 11,600 Net income $ 24,360 $ 19,360 Cash dividends paid on common stock $ 3,100 $ 3,100 Total stockholders' equity $ 250,000 $ 230,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)
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Academy Driving School reported the following amounts in its financial statements:
| Year 1 | Year 2 | |
|---|---|---|
| Number of common shares | 11,600 | 11,600 |
| Net income | $ 24,360 | $ 19,360 |
| Cash dividends paid on common stock | $ 3,100 | $ 3,100 |
| Total |
$ 250,000 | $ 230,000 |
Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)
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- 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?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.Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
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