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net income 289700 Show AL Current Attempt in Progress The stockholders' equity accounts of Flint Corporation on January 1, 2022, were as follows. $300,000 1,000,000
net income 289700
Show AL Current Attempt in Progress The stockholders' equity accounts of Flint Corporation on January 1, 2022, were as follows. $300,000 1,000,000 15.000 Preferred Stock (8% 5100 par noncumulative, 5,000 shares authorized) Common Stock (S4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value--Common Stock Retained Earnings Treasury Stock (5.000 common shares) 480,000 686,500 40.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb 1 Mar. 20 Oct 1 Issued 5,000 shares of common stock for $30,000 Purchased 1.000 additional shares of common treasury stock at $7 per share. Declared a 8% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1. Declared a 50.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Nov. 1 Dec 1 Dec 31 Pald the dividend declared on December 1 (d) Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) (Round earning per share to 2 decimal places, es. $2.66 and all other answers to 1 decimal place. 17.5%) I Payout ratio % Earnings per share $ Return on common stockholders' equity % % Step by Step Solution
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