Question
Lift companyhad 4,000 common shares and 500 $8 par, 5% preferred shares on January 1. During the year, Lift company had the following transactions. -
Lift companyhad 4,000 common shares and 500 $8 par, 5% preferred shares on January 1. During the year, Lift company had the following transactions.
- Issued 1,000 shares of common stock on March 31
- Purchased 600 shares of treasury stock on June 30
- Sold 300 shares of treasury stock on October 31
What is Lift companyweighted average common shares outstanding for the year?
Lift company had 2,000 weighted average common shares outstanding for the year. For the same period,Lift company earned net income of $8,000, paid $500 of dividends to preferred shares, and paid $800 of dividends to common shares. What is Lift companys earnings per share for the year?
Lift company had an average stock price per share for the year of $420 and earnings per share of $70. Dividends paid per common share were $10. What is Carnes price earnings ratio for the year?
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