LOS. How is the complete corporate income statement prepared? a) What may appear on a corporation's income statement that generally does not appear for smaller business? LO6. How is equity reported for a corporation? of retained eamings? a) What is included on the statement The statement of stockholder's equity reports the changes in all accounts b) LO7. How do we use stockholders' equity ratios to evaluate business performance? Use the following information for ABC Company to calculate the EPS, price/learnings ratio, and retum on common stockholders' equity: a Net Income $10,000 Preferred Dividends-$2,000 Average Common Stockholders' Equity $300,000 Number of Common Shares Outstanding-20,000 shares What is earnings per share? What is price/carnings ratio assuming the market price is $2 per share? 3 What is rate of return on common stockholders' equity (take percentage to 2 decimal places)? LOS. How is the complete corporate income statement prepared? a) What may appear on a corporation's income statement that generally does not appear for smaller business? LO6. How is equity reported for a corporation? of retained eamings? a) What is included on the statement The statement of stockholder's equity reports the changes in all accounts b) LO7. How do we use stockholders' equity ratios to evaluate business performance? Use the following information for ABC Company to calculate the EPS, price/learnings ratio, and retum on common stockholders' equity: a Net Income $10,000 Preferred Dividends-$2,000 Average Common Stockholders' Equity $300,000 Number of Common Shares Outstanding-20,000 shares What is earnings per share? What is price/carnings ratio assuming the market price is $2 per share? 3 What is rate of return on common stockholders' equity (take percentage to 2 decimal places)