Waterway Industries had the following information in its financial statements for the years ended 2020 and...
Waterway Industries had the following information in its
financial statements for the years ended 2020 and 2021:
| Cash dividends for the year 2021 |
$ 10400 |
| Net income for the year ended 2021 |
92400 |
| Market price of stock, 12/31/20 |
9 |
| Market price of stock, 12/31/21 |
11 |
| Common stockholders’ equity, 12/31/20 |
1610000 |
| Common stockholders’ equity, 12/31/21 |
1983000 |
| Outstanding shares, 12/31/21 |
167000 |
| Preferred dividends for the year ended 2021 |
14200 |
What is the payout ratio for Waterway Industries for the year ended
2021?
17.3%
15.4%
11.3%
13.3%
Homework Answers
|
Payout ratio = Cash dividends/(Net income - Preferred dividends) = 10400/(92400-14200) = 10400/78200 = 13.3% |
||
Add Answer to:
Waterway Industries had the following information in its
financial statements for the years ended 2020 and...
Layne Corporation had the following information in its financial statements for the years ended 2014 and...
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 12,000 Net income for the year ended 2015 115,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,980,000 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the payout ratio for Layne Corporation for the year ended 2015?...
Sunland Company had the following information in its financial statements for the years ended 2017 and...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash div...
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 10,000 Net income for the year ended 2015 83,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,785,600 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the book value per share for Layne Corporation for the year...
at december 31, 2020, waterway industries had 2060000 shares of common stock outstanding. On january 1,...
at december 31, 2020, waterway industries had 2060000 shares of common stock outstanding. On january 1, 2021, waterway issued 508000 shares of preferred stock which were convertible into 970000 shares of common stock. During 2021, waterway declares and paid $1130000 cash dividend on the common stock and $408000 cash dividend on the preferred stock. Net income for the year ended December 31, 2021 wa $4940000. Assuming an income tax rate of 30%, what should be diluted earnings per share for...
Problem 12-07A Presented below are the financial statements of Waterway Industries. Waterway Industries Comparative Bal...
Problem 12-07A Presented below are the financial statements of Waterway Industries. Waterway Industries Comparative Balance Sheets December 31 Assets 2022 2021 $58,000 $101,500 Cash 40,600 Accounts receivable 58,000 81,200 Inventory 58,000 Property, plant, and equipment 174,000 226,200 (92,800) (69,600) Accumulated depreciation $321,900 $313,200 Total Liabilities and Stockholders' Equity $ 43,500 $55,100 Accounts payable Income taxes payable 20,300 23,200 Bonds payable 49,300 95,700 52,200 Common stock 40,600 Retained earnings 110,200 145,000 $321,900 $313,200 Total Waterway Industries Income Statement For the Year...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 70,340 Accounts payable 20,230 Cash 14,290 Salaries and wages payable 7,920 Common stock 12,000 Dividends 12,000 Service revenue 70,650 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 3,120 Depreciation expense Accounts receivable 13,630 2,680 Insurance expense 39,650 Salaries and wages expense 21,790 Accumulated depreciation-equipment (a) Prepare an income statement for the year ended December 31, 2017. Waterway...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as...
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $834000 196000 246000 745000 216000 65000 33000 113000 92500 439000 Waterway assets on December 31, 2017 are: $1427500 $492000 $1037500 $587500
Multiple Choice Question 100 On January 1, 2018, Waterway Industries had 116000 shares of its $5...
Multiple Choice Question 100 On January 1, 2018, Waterway Industries had 116000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 9800 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $13, the corporation declared a 16% stock dividend to be issued to stockholders of record on December 16, 2018. What was the impact of the 16% stock dividend on the balance of...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Problem 12-07A Presented below are the financial statements of Waterway Industries. Waterway Industries Comparative Balance Sheets December 31 Assets 2022 2021 $58,000 $101,500 Cash 40,600 Accounts receivable 58,000 81,200 Inventory 58,000 Property, plant, and equipment 174,000 226,200 (92,800) (69,600) Accumulated depreciation $321,900 $313,200 Total Liabilities and Stockholders' Equity $ 43,500 $55,100 Accounts payable Income taxes payable 20,300 23,200 Bonds payable 49,300 95,700 52,200 Common stock 40,600 Retained earnings 110,200 145,000 $321,900 $313,200 Total Waterway Industries Income Statement For the Year...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 70,340 Accounts payable 20,230 Cash 14,290 Salaries and wages payable 7,920 Common stock 12,000 Dividends 12,000 Service revenue 70,650 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 3,120 Depreciation expense Accounts receivable 13,630 2,680 Insurance expense 39,650 Salaries and wages expense 21,790 Accumulated depreciation-equipment (a) Prepare an income statement for the year ended December 31, 2017. Waterway...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $834000 196000 246000 745000 216000 65000 33000 113000 92500 439000 Waterway assets on December 31, 2017 are: $1427500 $492000 $1037500 $587500
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