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Questions are attached. BUSN 5600 WEEK 7 ADDITIONAL PROBLEMS BERRY, PROBLEM 7.1 Crow, Inc., had net income of $516,050 for its fiscal year ended September
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BUSN 5600 WEEK 7 ADDITIONAL PROBLEMS BERRY, PROBLEM 7.1 Crow, Inc., had net income of $516,050 for its fiscal year ended September 30, 2014. During the year, the company had outstanding 24,000 shares of 8%, $50 par value preferred stock, and 135,500 shares of common stock. Required: Calculate the basic earnings per share of common stock for the 2014 fiscal year. BERRY, PROBLEM 7.2 Wood's Cabinets, Inc., had net income of $424,800 for its fiscal year ended October 31, 2014. During the year, the company had outstanding 53,000 shares of 9%, $60 par value preferred stock, and 36,960 shares of common stock. Required: Calculate the Basic Earnings per share of common stock for the 2014 fiscal year. BERRY, PROBLEM 7.3 Blue Glass, Inc. had cash dividends of $3.96 per share of common stock for calendar 2013. In 2014, the stock was split 3-for-1, and in 2015 a 10% stock dividend was issued. Required: Calculate the Dividends per share to be reported in the firm's annual report for 2014, and 2015. BERRY, PROBLEM 7.4 Silver Co. had cash dividends reported for 2013 of $3.64 per share of common stock. During 2014, the firm had a 4% common stock dividend. Required: Calculate the 2013 earnings per share to be reported in the annual report for 2014Step by Step Solution
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