Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer all parts. Thank you! Analyzing and Interpreting Equity Accounts and Comprehensive Income Following is the statement of shareholders' equity from the 2019 10-K

Please answer all parts. Thank you!

image text in transcribedimage text in transcribed Analyzing and Interpreting Equity Accounts and Comprehensive Income Following is the statement of shareholders' equity from the 2019 10-K for Procter \& Gamble Company. a. How many shares of common stock did Procter \& Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30, 2019 ? x thousand At what average price were the preferred shares converted? Round answer to two decimal places. b. How many shares did the company issue for employee stock plans during the year? x thousand At what average price were the common shares issued to employees? Round answer to two decimal places. $ c. The company reported basic EPS of $1.40 for the year. The company's stock price on June 28, 2019 (the closest day before the fiscal year-end) was $109.65. Calculate the dividend payout ratio and dividend yield ratios. Round answers to one decimal place (example: 0.2345=23.5% ). d. How many share of stock did PG repurchase during the year? x thousand At what average price per share? Round answer to two decimal places. e. Compute the company's market cap at June 28, 2019. Enter answer in millions. Round answer to the nearest million. $ x million What is the market-to-book ratio on that day? Round answer to two decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions