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Gullo Company reported these figures for 2018 and 2017: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Gullo Company 's
Gullo Company reported these figures for 2018 and 2017: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Gullo 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 0 Requirements 1. Compute Gullo Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. 2. Compute Gullo Company's pricelearnings ratio for 2018. Assume the company's market price per share of common stock is $9. Round to two decimals. 3. Compute Gullo 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. i Data Table 2018 2017 Income Statement-partial: 18,900 $ 24,000 uity, shrs = shares.) Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: $ 285,000 $ 200,000 Total Assets Paid-In Capital: Preferred Stock11%, $9 Par Value; 45,000 shares authorized, 10,000 shares issued and outstanding Common Stock-$1 Par Value; 45,000 shares $ 90,000 $ 90,000 30,000 30,000 authorized; 30,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common 14,000 51,000 Retained Earnings 14,000 42,000 176,000 185,000 $ Total Stockholders' Equity Print Done
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