Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Swimtech Pools Incorporated (SPi) reported the following in its financial statements for the quarter ended March 31,2021. During the quarter ended March 31, SPI

image text in transcribed.
Swimtech Pools Incorporated (SPi) reported the following in its financial statements for the quarter ended March 31,2021. During the quarter ended March 31, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the qua ended June 30, 2021, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890. Calculate earmi per share (EPS) and return on equity (ROE) for the quarter ended June 30,2021 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter ended June 30, 2021, SPI reported Net Income of 56,890 and declared and paid cash dividends totaling 56,890 . Calculate earmings per share (EPS) and retum on equity (ROE) for the quarter ended June 30, 2021. (Round "Eamings per Share" to 3 decimal places and "Raturn on Equity' to 1 decimal place.) Swimtech Pools Incorporated (SPi) reported the following in its financial statements for the quarter ended March 31,2021. During the quarter ended March 31, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the qua ended June 30, 2021, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890. Calculate earmi per share (EPS) and return on equity (ROE) for the quarter ended June 30,2021 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter ended June 30, 2021, SPI reported Net Income of 56,890 and declared and paid cash dividends totaling 56,890 . Calculate earmings per share (EPS) and retum on equity (ROE) for the quarter ended June 30, 2021. (Round "Eamings per Share" to 3 decimal places and "Raturn on Equity' to 1 decimal place.)

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_2

Step: 3

blur-text-image_3

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

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions