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During Year 3, Stuart Corporation reported after-tax net income of $3,645,000. During the year, the number of shares of stock outstanding remained constant at 9,600
During Year 3, Stuart Corporation reported after-tax net income of $3,645,000. During the year, the number of shares of stock outstanding remained constant at 9,600 of $100 par, 10 percent preferred stock and 399,000 shares of common stock. The companys total stockholders equity is $19,900,000 at December 31, Year 3. Stuart Corporations common stock was selling at $51 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.50 per share to common stockholders.
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