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Sheffield Corp. has had 4 years of net income. Due to this success, the market price of its 450.000 shares of $6 par value common

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Sheffield Corp. has had 4 years of net income. Due to this success, the market price of its 450.000 shares of $6 par value common stock has increased from $10 per share to $53. During this period, paid-in capital remained the same at $4 440.000 Retained earnings increased from $1,840,000 to $11,900,000. President E. Rife is considering either a 15% stock dividend or a 2 for 1 stock split He asks you to show the before-and-after effects of each option on retained earnings Retained earnings after stock dividend $ Retained earnings after stock split $ He asks you to show the before and after effects of each option on total stockholders equity, Total stockholders' equity after stock dividend $ Total stockholders' equity after stock split $ On January 1, 2020, Larkspur, Inc. purchased 1.600 shares of treasury stock. Other information regarding Larkspur, Inc. is provided as follows. Net income Dividends on preferred stock Dividends on common stock Weighted average number of common shares outstanding Common stockholders'equity beginning of year Common stockholders' equity end of year 2019 2020 $195,000 $210,000 $ 33,000 $ 33,000 $ 19,000 $ 25,000 11,000 9,400 $598,000 $746,000 $746,000 $821,000 (a) Compute return on common stockholders equity for each year. (Round retum on common stockholders to 1 decimal place, es, 10.5.) 2019 2020 Return on common stockholders' equity %

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