Problem 5 - 15 Points

This financial information is available for Klinger Corporation.

Average common stockholders' equity

Dividends paid to common stockholders

Dividends paid to preferred stockholders

Net income

Market price of common stock

2014

$1,600,000

90,000

20,000

260,000

20

The weighted-average number of shares of common stock outstanding was 160,000 for 2014.

Instructions

Calculate earnings per share and return on common stockholders' equity for 2014.

Problem 5-15 Points This financial information is available for Klinger Corporation. 2014 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,600,000 90,000 20,000 260,000 20 The weighted-average number of shares of common stock outstanding was 160,000 for 2014. Instructions Calculate earnings per share and return on common stockholders' equity for 2014