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Grouper Inc. has the following selected financial data: 2017 2016 Net income $734,000 $686,000 Total assets 5,133,000 4,512,000 Preferred shares, 5%, cumulative 615,000 615,000 Common
Grouper Inc. has the following selected financial data:
2017 | 2016 | |||
Net income | $734,000 | $686,000 | ||
Total assets | 5,133,000 | 4,512,000 | ||
Preferred shares, 5%, cumulative | 615,000 | 615,000 | ||
Common shares | 343,000 | 343,000 | ||
Retained earnings | 2,795,000 | 2,192,000 | ||
Accumulated other comprehensive income | 142,000 | 128,700 | ||
Total shareholders equity | 3,895,000 | 3,278,700 | ||
Cash dividends paid in the year | 131,000 | 175,000 | ||
Market price of common shares | $95.23 | $64.02 | ||
Weighted average number of common shares | 71,000 | 71,000 |
There were no preferred dividends in arrears.
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