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Fowler Company reported these figures for 2024 and 2023: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Fowler Company's earnings
Fowler Company reported these figures for 2024 and 2023: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Fowler Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) + = = Earnings per share Income Statement-partial: Net Income Balance Sheet-partial: Total Assets Paid-In Capital: Preferred Stock-6%, $4 Par Value; 65,000 shares authorized, 7,000 shares issued and outstanding Common Stock-$2 Par Value; 50,000 shares authorized; 35,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $ $ 2024 15,680 $ 245,000 $ Dec. 31, 2024 Dec. 31, 2023 28,000 $ 70,000 2023 26,000 69,000 193,000 $ 22,000 230,000 28,000 70,000 26,000 55,000 179,000 Requirements 1. Compute Fowler Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. 2. Compute Fowler Company's price/earnings ratio for 2024. Assume the company's market price per share of common stock is $4. Round to two decimals. 3. Compute Fowler Company's rate of return on common stockholders' equity for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest whole percent
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