Question
Good Corporation's annual report is as follows. (10 pts) March 31, 2014 March 31, 2015 Net Income $350,000 $423,500 Preferred Dividends 0 0 Total Stockholders'
Good Corporation's annual report is as follows. (10 pts) March 31, 2014 March 31, 2015 Net Income $350,000 $423,500 Preferred Dividends 0 0 Total Stockholders' Equity $4,200,000 $5,082,000 Stockholders' Equity attributable to Preferred Stock 0 0 Number of Common Shares Outstanding 275,464 192,168 If the current market price is $15 on March 31, 2015, find the price/earnings ratio on March 31, 2015.
On a separate sheet of paper:
Later,
1. Good Corp. had the following transactions in 2015, its first year of operations. (5 pts)
Issued 5,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30.00 per share.
Earned net income of $200,000.
Paid dividends of $5.00 per share.
At the end of 2015, how much is the total stockholders' equity?
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