A corporate charter specifies that the company may sell up to 31 million shares of stock. The company sells 21 million shares to investors and later buys back 8.5 million shares. The current number of outstanding shares after these transactions have been accounted for is: Multiple Choice 16.0 million shares. 10.0 million shares. 12.5 million shares. 31.0 million shares. Barbur, Inc. reported net income of $18 million. During the year the average number of common shares outstanding was 3.6 million. The price of a share of common stock at the end of the year was $5. There were 640,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is approximately: Multiple Choice $5.00 $4.86. $0.20 $4.76. A company has outstanding 10.50 million shares of $3.50 par common stock and 2.7 million shares of $5.70 par preferred stock. The preferred stock has an 13% dividend rate. The company declares $470,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Multiple Choice Preferred stockholders will receive $61,100 or 13% of the total dividends. Common stockholders will receive the remaining $408,900. Preferred stockholders will receive the entire $470,000, and they must also be paid $271,000 sometime in the future before common stockholders will receive anything. Preferred stockholders will receive the entire $470,000, and they must also be paid $271,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive the entire $470,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing. Gladstone company issues 119,000 shares of preferred stock for $43 a share. The stock has fixed annual dividend rate of 9% and a par value of $4 per share. If sufficient dividends are declared, preferred stockholders can anticipate receiving dividends of: Multiple Choice $4 per share. O $42.840 each year. 9% of net income each year. $460,530 each year. A company has net income of $5.6 million. Stockholders' equity at the beginning of the year is $32.55 million and, at the end of the year, it is $38.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately: Multiple Choice 0.15. 0.87 0.16. 6.31 The Retained Earnings balance was $24,000 on January 1. Net income for the year was $19,750. If Retained Earnings had a credit balance of $26,000 after closing entries were made for the year, and if additional stock of $6,300 was issued during the year, what was the amount of dividends declared during the year? Multiple Choice $11,450 $26,050 $17,750 $28,050 A corporate charter specifies that the company may sell up to 32 million shares of stock. The company issues 24 million shares to investors and later repurchases 9.0 million shares. The number of issued shares after these transactions have been accounted for is: Multiple Choice 23 million shares. 24 million shares. 15 million shares. 16 million shares