Question
Castillo Company reported these figures for 2018 and 2017: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Castillo Company's
Castillo Company reported these figures for 2018 and 2017: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Castillo Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) = Earnings per share Data Table 2018 2017 Balance Sheet-partial: Income Statement-partial: $ 14,940 $ 21,000 Net Income Dec. 31, 2018 Dec. 31, 2017 $ 265,000 $ 275,000 Total Assets Paid-In Capital: Preferred Stock-3%, $12 Par Value; 65,000 shares authorized, 4,000 shares issued and outstanding $ 48,000 $ 48,000 Common Stock-$1 Par Value; 75,000 shares 45,000 45,000 authorized; 45,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Print Done 22,000 22,000 45,500 32,000 $ 160,500 $ 147,000 Requirements 1. Compute Castillo Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. 2. Compute Castillo Company's price/earnings ratio for 2018. Assume the company's market price per share of common stock is $9. Round to two decimals. 3. Compute Castillo Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent. Print Done
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