Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ratio Analysis Consider the following information taken from the stockholders' equity section: (dollar amount in thousands) 2024 2023 Preferred stock $1,000 $1,000 Common stock, 334,328,193

Ratio Analysis Consider the following information taken from the stockholders' equity section: (dollar amount in thousands) 2024 2023 Preferred stock $1,000 $1,000 Common stock, 334,328,193 and 330,961,869 shares issued in 2024 and 2023, respectively 3,343 3,310 Additional paid-in capital - common stock 766,382 596,239 Retained earnings 5,460,629 4,630,390 Accumulated other comprehensive (loss) income (206,662) 58,653 Treasury stock (76,275,837 and 56,960,213 shares in 2024 and 2023, respectively) at cost (3,267,955) (2,205,987) Total stockholders' equity $2,756,737 $3,083,605 Additional Information (all numbers in thousands other than per-share information): 2024 Weighted average common shares outstanding 264,453 Price per share at year end $70.47 Net income $1,123,153 Preferred dividends $80,000 Common dividends $212,914 Common dividends per share $0.74 Stock repurchases $1,061,968 Required: 1. Calculate the following for 2024. Round your answers to two decimal places. Stockholder Payout: Dividend yield fill in the blank 1 1.1 % Dividend payout fill in the blank 2 19 % Total payout fill in the blank 3 95 % Stock repurchase payout fill in the blank 4 19 % Stockholder Profitability: Return on common equity fill in the blank 5 % EPS $fill in the blank 6 3.94 per share

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