lone star golf inc. provides the following information for 2018 Net income $380,000 Market price per...
lone star golf inc. provides the following information for 2018
Net income $380,000
Market price per share of common stock $60 per share
Dividends paid to common stock holders 180,00
common stock outstanding at jan. 1 2018 170,00 shares
common stock outstanding at dec 31 2018 220,00 shares
There is NO preferred stock outstanding calculate the earnings per share for 2018:
Homework Answers
Given Net Income = $ 380,000
Common Stock Outstanding at jan 1 2018 = 170,00 shares
Common Stock Outstanding at dec 31 2018 = 220,00 shares
Earnings per share = Net income- preference dividend
Weighted average Common shares Outstanding
Weighted average Common shares Outstanding = (170,00+220,00)/2 = 19500
Earnings Per Share for 2018 = $ 380000/19500
= 19.49
Add Answer to:
lone star golf inc. provides the following information for
2018
Net income $380,000
Market price per...
e-Bay Inc. provides the following information for the year 2015: Net income $260,000 Market price per...
e-Bay Inc. provides the following information for the year 2015: Net income $260,000 Market price per share of common stock $50 per share Dividends paid $200,000 Common stock outstanding at Jan 1, 2015 170,000 shares Common stock outstanding at Dec 31, 2015 240,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. O A. 32.68 times OB. 46.30 times OC. 50.00 times OD. 39.42 times
Partridge Inc. provides the following information for the year 2014: Net income Market price per share...
Partridge Inc. provides the following information for the year 2014: Net income Market price per share of common stock Dividends paid Common stock outstanding at Jan 1, 2015 Common stock outstanding at Dec 31, 2016 $31,200 $12.00/share $0.80/share 110,000 shares 150,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. O A. 1.67% OB. 4.67% OC. 6.67% OD. 3.67%
ignore my answerr please Partridge, Inc. provides the following information for 2017: Net income $37,000 Market...
ignore my answerr please
Partridge, Inc. provides the following information for 2017: Net income $37,000 Market price per share of common stock $17/share Dividends paid $0.96/share Common stock outstanding at Jan 1, 2017 150,000 shares Common stock outstanding at Dec 31, 2017 170,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.) O A. 1.35% OB. 5.59% C. 4.24% OD. 5.92%
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus...
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus ?? Shares of Common Stock Outstanding A. Shares of Common Stock B. Preferred Dividends C. Market Price D. Shares of Preferred Stock 27. The components of Work in Process costs do NOT include the following: A. Materials Inventory B. Direct Labor C. Factory Overhead D. Cost of Goods Sold 28. Based on the following information about Kleino's Deli, in which year did Kleing's retain...
The information below pertains to Flint Company for 2018. $1,180,000 1,910,000 Net income for the year...
The information below pertains to Flint Company for 2018. $1,180,000 1,910,000 Net income for the year 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2018 Average market price of common stock 3,820,000 5,850,000 40% $25 per share There were no changes during 2018...
Compute the diluted earnings per share for 2018. Harvey Inc. has 3,000,000 shares of $1 par...
Compute the diluted earnings per share for 2018. Harvey Inc. has 3,000,000 shares of $1 par value common stock outstanding at January 1. On July 1, Harvey repurchased 300,000 shares at a cost of $21 per share. In addition, at December 31, 2018, 250,000 shares were issuable upon exercise of executive stock options which an exercise price of $20 per share. The average market price of the company’s stock was $25 per share. Harvey Inc. also has two convertible securities. Convertible bonds, $4,000,000...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.)...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
The information below pertains to Sheffield Company for 2018. Net income for the year $1,230,000 7%...
The information below pertains to Sheffield Company for 2018. Net income for the year $1,230,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 1,990,000 7% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 4,110,000 Common stock, $10 par value 6,270,000 Tax rate for 2018 40% Average market price of common stock $25 per share There were no changes during...
Explain how you calculated Jan.12 please as well as fill in the following Required information [The...
Explain how you calculated Jan.12 please as well as fill in the
following
Required information [The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $5 par common stock and 19,000 shares of $125 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,700 shares of the $5 par common stock for $7 per...
e-Bay Inc. provides the following information for the year 2015: Net income $260,000 Market price per share of common stock $50 per share Dividends paid $200,000 Common stock outstanding at Jan 1, 2015 170,000 shares Common stock outstanding at Dec 31, 2015 240,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. O A. 32.68 times OB. 46.30 times OC. 50.00 times OD. 39.42 times
Partridge Inc. provides the following information for the year 2014: Net income Market price per share of common stock Dividends paid Common stock outstanding at Jan 1, 2015 Common stock outstanding at Dec 31, 2016 $31,200 $12.00/share $0.80/share 110,000 shares 150,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. O A. 1.67% OB. 4.67% OC. 6.67% OD. 3.67%
ignore my answerr please
Partridge, Inc. provides the following information for 2017: Net income $37,000 Market price per share of common stock $17/share Dividends paid $0.96/share Common stock outstanding at Jan 1, 2017 150,000 shares Common stock outstanding at Dec 31, 2017 170,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.) O A. 1.35% OB. 5.59% C. 4.24% OD. 5.92%
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus ?? Shares of Common Stock Outstanding A. Shares of Common Stock B. Preferred Dividends C. Market Price D. Shares of Preferred Stock 27. The components of Work in Process costs do NOT include the following: A. Materials Inventory B. Direct Labor C. Factory Overhead D. Cost of Goods Sold 28. Based on the following information about Kleino's Deli, in which year did Kleing's retain...
The information below pertains to Flint Company for 2018. $1,180,000 1,910,000 Net income for the year 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2018 Average market price of common stock 3,820,000 5,850,000 40% $25 per share There were no changes during 2018...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Explain how you calculated Jan.12 please as well as fill in the
following
Required information [The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $5 par common stock and 19,000 shares of $125 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,700 shares of the $5 par common stock for $7 per...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago