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Medina company reported these figures for 2018 and 2017: Requirement 1: Compute Medina Companys earnings per share for 2018. Assume the company paid the minimum
Medina company reported these figures for 2018 and 2017:
i Data Table 2018 2017 Income Statement-partial: 23,430 S 20,000 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: Total Assets Paid-n Capital: 230,000 S 270,000 Preferred Stock-7%, $7 Par Value: 80,000 shares 49,000 S 49,000 authorized, 7,000 shares issued and outstanding Common Stock-$2 Par Value; 75,000 shares 80,000 80,000 authorized; 40,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon 20,000 65,000 214,000 S 20,000 45,000 194,000 Retained Earnings Total Stockholders' Equity Requirement 1 Compute Medina Company's earnings per share for 2018. Assume the company paid the minimum preferred d dend dun 2018 Round to the ompany's earnings per share for 2018. (Abbrevations used Ave. - average, oS outstanding, SE- Earmings per share Select the formula, then enter the amounts to calculate the c quirement 1. Compute Medina lect the formula, then enter the a Ave. common SE Ave. # common shr Average total assets Net income Preferred dividends s OS Requirement 2. Compute Medina Company's price/earnings ratio for 2018. Assume the company's market price per sh Select the formula, then enter the amounts to calculate the company's price/earnings ratio for 2018. (Abbreviations used Price/earnings ratio Requirement 2. Compute Medina Select the formula, then enter the a Ave. common SE Ave, # common shrs OS Average total assets Earnings per share Market price per share Net income Preferred dividends ina he a Requirement 3. Compute Medina Company's rate of return on common stockholders' equity for 2018. Assume the company paid the min Select the formula, then enter the amounts to calculate the companys rate of return on common stockholders' equity for 2018. (Abbreviati - Rate of return on common SE Requirement 3. Compute Medina C Select the formula, then enter the an Ave. Common SE Ave. # common shrs OS Average total asset:s Market price per share Net income Preferred dividends Requirement 1: Compute Medina Companys 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 companys earnings per share for 2018 (Abbreviations used are Ave.= average OS= outstanding SE=
Stockholders equity shrs= shares)
Options for requirement 1:
Requirement 2: Compute Medina Companys price/earnings ratio for 2018. Assume the companys market price per share of common stock is $8. Round to two decimals. Select the formula, then enter the amount to calculate the companys price/earnings ratio for 2018. (Abbreviations used are same as above)
Options:
Requirement 3: Compute Medina Companys rate of return on common stockholders equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole
precent. ( Abbreviations are same the as above)
Options:
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