How do you determine the dividends per share of common stocks for Q6? Show your calculation.
Quarterly Performance Report Quarter Number 6 $6,421,844 0 $6,421,844 $0 $1,125,000 2,700, 116 $3,825, 115 $78,608 787, 889 1,123,750 185, 263 2,175,509 6,000, 626 $6,000, 625 1,176,203 4,824,423 $1,597,420 Sales revenue ( 60,299 units at $106.50 ) Income from securities Cost of Goods Sold: Beginning Inventory: ( 0 at $0.00) Materials Direct Labor Total Direct Costs Warehousing Costs Depreciation: Mach. and Equip. Plant Other Overhead Costs Total Indirect costs Production Costs ( 75,000 at $80.01 ) Goods Available for Sale ( $80.01 per unit) Less: Ending Inventory ( 14,701 units) Cost of Goods Sold Gross Profit Selling and administrative expenses Financial Expenses : Short Term Bank Interest Penalty Loan Interest Intermediate Term Loan Interest Bond Interest Bond Redemption Costs Total Financial charges Operating Income Before Extraordinary Items Extraordinary Items Income Before Taxes Income Tax (rate is 408) Income After Taxes Preferred Stock Dividind Earnings to Common Stockholders Common Stock Dividends ( $0.00 per share ) Net Income Transferred to Retained Earnings $1,321,092 $0 0 43,076 598,352 0 641,428 1,962,520 -$365,100 0 -$365,100 -146,040 -$219,060 0 -$219,060 0 -$219,060 Position Statement Quarter Number 6 ASSETS Current Assets Cash $9,199,634 0 4,302,635 1,176,203 $14, 678, 470 $2,609,627 12,721, 250 15,330,877 $30,009,347 Marketable Securities Accounts Receivable Inventory ( 14,701 units at $80.01 UNIT) Total Current Assets Fixed Assets (net of depreciation Machinery and Equipment Plant Total Fixed Assets Total Assets LIABILITIES AND OWNER EQUITY Current Liabilities Accounts Payable Short Term Loans Payable Short Term Penalty Loan Intermediate Term Debt Maturing Bonds Maturing Total Current Liabilities Long Term Liabilities Intermediate Loans: 2 years $401,038 0 0 791,664 2,500,000 $3,692, 702 3 years $ 25,000 83,333 13,075,000 13,183,333 $16,876,034 Bonds Total Long Term Liabilities Total Liabilities Owners' Equity Preferred Stock ( 0 shares) Common Stock ( 1,000,000 shares) Retained Earnings Total Equity Total Liabilities and Equity $0 8,000,000 5,133,313 13,133, 314 $30,009,347 Summary Data Quarter Number 6 HISTORICAL INFORMATION Common share price Quarterly EPS Price earnings ratio Actual unit price Preferred stock price Return on investment Call premium: preferred Common tender or sell/sh Outstanding debt yields: Short-term 3.892 INFORMATION FOR FUTURE QUARTERS $5.76 -$0.22 n/a $96.52 $17.40 -2.920 8.000 $0.00 Accumulated Wealth Dividend Yield Marketable Security Yield Actual unit demand Preferred dividend yield Return on equity Bond call premium Unpaid preferred dividend/share $6.15 0.005 2.1638 85,753 5.75% -6.67% 8.00 $0.00 2-year loan 3.2733 3-year loan 4.489% Bonds 3.677% Penalty loan 8.000% 7 115,544 $104.65 85,000 45,000 185,263 270,000 229,139 1,268,750 126,042 $104.43 60,000 45,000 185,263 270,000 229,139 915,000 113,483 $99.79 60,000 40,000 185,263 247,500 229, 139 915,000 10 BO, 455 $95.02 60,000 40,000 200, 603 247,500 146,729 915,000 0 337,500 16,667 700,000 D 337,500 16,667 700,000 0 25,000 16,667 700,000 25,000 16,667 400,000 Pirst 2000 $1.00 Next 5000 $3.00 Over 7000 $8.00 Units forecast Price per unit forecast Units of plant capacity Units of machine capacity Other overhead Depreciation Machinery Projects Plant Principal repayment on debt: Short-term 2-year 3-year Bonds Warehouse fees! Units Cost/Unit Production costs per unit next quarter: Materials Units Labor cost Rates on funding in quarter 7 Short-term 4.9137 Interest due next quarter: Short-term Intermediate Bonds Capital budgeting projects for next quarter: Life Cost Unit Capacity A 2-yr $569,112 100,000 B 3-yr $394,272 120,000 Machinery $15.23 First 60,000 $38.73 Next 40,000 $27.94 $55.00 Plant Next 20,000 $25.48 $368.00 Over 120,000 $35.61 2-year loan 4.9387 3-year loan 5.0213 Bond 5.5588 Preferred 7.2538 $0 $31,282 $572,617 Overhead Saving $12,815 -$8,202 Unit Labor sav., Otr.7 $0.70 $0.65 Change/otr. Labor Sav. $0.01 -$0.01
