Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2021 2020 2019 Dividends declared and paid to common shareholders $2,622 $2,592 $2.488 Dividends declared per common share $5.84 $5.82 $5.60 Dividends declared and

image text in transcribed

2021 2020 2019 Dividends declared and paid to common shareholders $2,622 $2,592 $2.488 Dividends declared per common share $5.84 $5.82 $5.60 Dividends declared and paid to preferred shareholders $158 $122 $111 Net income $6,446 $3,792 $5,121 Common shareholders' equity $40,254 $36,144 $34,688 Market price per common share $150.17 $99.38 $112.31 Weighted average number of common shares i 4511 447.1 445.3 (a) Calculate the (1) payout, (2) dividend yield. (3) basic earnings per share, and (4) return on common shareholders' equity ratios for the common shareholders for 2021 and 2020. For the payout ratio, include all dividends in the numerator of the payout ratio. (Round basic earnings per share to 2 decimal places, eg. 5.24. Round payout ratio, dividend yield and return on common shareholders' equity to 1 decimal place. eg. 5.2.) (1) Payout ratio (2) Dividend yield (3) Basic earnings per share (4) Return on common shareholders' equity 2021 % % 2020 % % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago

Question

Define Scientific Management

Answered: 1 week ago

Question

Explain budgetary Control

Answered: 1 week ago