The following financial information is available for Walgreen Company. InstructionsCalculate the payout ratio and return on common
Question:
The following financial information is available for Walgreen Company.
InstructionsCalculate the payout ratio and return on common stockholders' equity ratio for 2009 and 2008. Comment on your findings.
Transcribed Image Text:
|(in millions) 2009 $13,622.5 471 2008 Average common stockholders' equity Dividends declared for common stockholders $11,986.5 394 Dividends declared for preferred stockholders Net income 2,006 2,157
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Walgreens payout ratio increased 28 even thought its return on com...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014. Instructions...
-
The following financial information is available for Last Chance Repossessions Company as of December 31, 2012: Required Calculate all profitability, liquidity, and solvency ratios (except earnings...
-
The following financial information is available for Flintlock Corporation. (in millions) 2019 2018 Average common stockholders' equity................$2,532...........$2,591 Dividends declared for...
-
Karamazov Semiconductors is considering an investment to expand its existing line of business. The investment will cost $10 million and is expected to produce after-tax cash flows of $1 million per...
-
A 120-lb cabinet is mounted on casters that can be locked to prevent their rotation. The coefficient of static friction between the floor and each caster is 0.30. Assuming that the casters at both A...
-
A disgruntled Anchorage bush pilot, upset because his gasoline credit card was cancelled, fires six air-to surface missiles at the Alaskan pipeline. If a missile lands anywhere within twenty yards of...
-
Mr Flo Rida owns a small factory and uses the reducing balance method of depreciation for plant, with a 60 percent write off each year, and maintains a plant account to record all entries concerning...
-
Scruffy Murphy is the president and principal stockholder of Scruffys Bar & Grill, Inc. To expand, the business is applying for a $250,000 bank loan. To get the loan, Murphy is considering two...
-
Suppose a random variable, x, arises from a binomial experiment. If n = 14, and p = 0.2, find the following probabilities using the binomial formula. Round to four decimal places, if necessary. P(x...
-
Brute force is used to crack a 100-bit key. The key is cracked in only 5,000 tries. How can this be?
-
The following financial information is available for Thompson Corporation. InstructionsCalculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your...
-
Morris Corporation decided to issue common stock and used the $300,000 proceeds to retire all of its outstanding bonds on January 1, 2012. The following information is available for the company for...
-
Determine the missing amount for each of thefollowing: Assets Liabilities +Owner's Equity a X = $85,000+ $215,600 b. $93,500X6,150 C. 42,500 11,275 c. 42,500
-
The Republic of Finlandia, a rapidly developing country, has recently been in the spotlight for its treatment of migrant workers, particularly in its large-scale infrastructure projects. Sally...
-
Opal Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) Cost per pound of direct materials 9 $9 The company plans...
-
In humans, the gene for color blindness is recessive and is located on the X chromosome with no corresponding gene on the Y. If a man and a woman, both with normal vision, marry and have a color-...
-
A business has the following financial information for the mor Revenues: $27,000 Insurance: $950 Cost of goods: $15,500 Rent: $1,250 Supplies: $1,050 Utilities: $875 Salaries: $5,100 Taxes: $1,250...
-
Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollarsales) of its three product lines is birthday candles 30%, standard tapered candles 50%, and large scented candles...
-
For the common-source amplifier in Figure P4.22, the transistor parameters are \(V_{T N}=-0.8 \mathrm{~V}, K_{n}=2 \mathrm{~mA} / \mathrm{V}^{2}\), and \(\lambda=0\). The circuit parameters are...
-
Element compound homogeneous mixture (heterogeneous mixture) 4) A piece of gold has a mass of 49.75 g. What should the volume be if it is pure gold? Gold has a density of 19.3 g/cm (3 points) D=m/v...
-
In each of the following sets, arrange the compounds in order of increasing acidity (decreasing pK a ). Explain your choices. (a) CICHCHOH, ClCHCHOH, CI(CH)3OH (b) CICHCHSH, CICHCHOH, CHCHOH (c)...
-
Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before...
-
Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before...
-
Lahey Advertising Company's trial balance at December 31 shows Supplies $8.800 and Supplies Expense $0. On December 31. There is $1100 of supplies on hand. Prepare the adjusting entry at December 31...
-
Problem 2-24 (Static) Transaction analysisquantitative; analyze results LO 2-2, 2-3, 2-6 Rudy Gandolfi owns and operates Rudy's Furniture Emporium Incorporated. The balance sheet totals for assets,...
-
What goes with tuition revenue on an income statement
-
Payroll liabilities include two of the following types of amounts: Note: Check all that apply Check All That Apply Amounts withheld from employee paychecks that must be paid to third parties, such as...
Study smarter with the SolutionInn App