Question
Magnum, Inc. had reported the following balances: December 31, 2019 December 31, 2018 Net Income $96,000.00 $52,000.00 Preferred Dividends 34,500 3,000 Total Stockholders' Equity 354,000
Magnum, Inc. had reported the following balances:
|
| December 31, 2019 |
| December 31, 2018 |
|
| Net Income | $96,000.00 |
| $52,000.00 |
|
| Preferred Dividends | 34,500 |
| 3,000 |
|
| Total Stockholders' Equity | 354,000 |
| 304,000 |
|
| Stockholders' Equity attributable to Preferred Stock | 20,000 |
| 20,000 |
|
| Number of Common Shares Outstanding | 8,000 |
| 12,000 |
|
| 11. | Compute Magnum's earnings per share for2019. Select the formula, then enter the amounts to calculate the company's earnings per share for 2019. |
| 12. | Compute Magnum's price/earnings ratio for2019, assuming the market price is$35 per share. Select the formula, then enter the amounts to calculate the company's earnings per share for2019. |
| 13. | Compute Magnum's rate of return on common stockholders' equity for2019. Select the formula, then enter the amounts to calculate the company's earnings per share for 2019. |
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ISE Business Accounting
Authors: Frank Wood, Alan Sangster
8th Edition
0273638408, 9780273638407
