Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help me The stockholders' equity accounts of Ayayai Corp. on January 1, 2025, were as follows. During 2025 , the corporation had the following

pls help me image text in transcribed
image text in transcribed
image text in transcribed
The stockholders' equity accounts of Ayayai Corp. on January 1, 2025, were as follows. During 2025 , the corporation had the following transactions and events pertaining to its stockholders' equity. 1. 1 Issued 12,000 shares of commonstock for $72,000. 1. 20 Purchased 2,400 additional shares of common treasury stock at $7 per shave. 3. Declareda 7x cashidividend on preferred stock, pawable November i. 1. 1 Paid the dividend dectared on October 1. 1 Declared a 50.50 per stare cash dividend to common stochtolders of record on December 15, payable December 31,2025 . =31 Determined that net income for the year was $670,000. Paid the dividend declared on December 1 . Calculate the payout ratio, earnings per share, and return on common stockholder's equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) (Round onswers to 2 decimol ploces for per unit and percentage, es. 17.50 or 17.50% ) Payout ratio Earnings per share Return on common stockholders' equity eTextbook and Media List of Accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting For Non-Accountants

Authors: David Horner

10th Edition

0749472812, 978-0749472818

More Books

Students also viewed these Accounting questions

Question

Explain why trade credit is a spontaneous source of funds.

Answered: 1 week ago