Data for Regal State Bank follow: Evaluate the common stock of Regal State Bank as an investment.
Question:
Evaluate the common stock of Regal State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or decreased in attractiveness during the past year.
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2016 2015 $56,000 $47,200 Net Income DividendsCommon Dividends- Preferred Total Stockholders' Equity at Year-End (includes 16,000 16,000 6,000 16,000 80,000 shares of common stock) Preferred Stock Market Price per Share of Common Stock 580,000 220,000 $ 16.5011.00 770,000 220,000
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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