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PLEASE SHOW ALL CALCULATIONS AND WORKING NOTES The following information pertains to Parsons Co Preferred stock, cumulative: $100 Par value per share 8% Dividend rate
PLEASE SHOW ALL CALCULATIONS AND WORKING NOTES
The following information pertains to Parsons Co Preferred stock, cumulative: $100 Par value per share 8% Dividend rate Shares outstanding 10,000 Dividends in arrears none Common stock: $10 Par value per share Shares issued 112,000 $2.00 Dividends paid per share Market price per share $49.00 $480,000 Additional paid-in capital Unappropriated retained earnings (after closing) $290,000 Retained earnings appropriated for contingencies $290,000 Common treasury stock: Number of shares 10,000 $260,000 Total cost $640,000 Net income Compute (assume no changes in balances during the past year): Round per share and ratios to 2 decimal places, eg $15.25 or 15.25%. $ Total amount of stockholders' equity in the balance sheet (a) (b) Earnings per share of common stock per share Book value per share of (c) common stock per share (d) Payou t ratio of common stock (e) Return on common stock equity
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