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The balance sheet of Mickey Corp. reported the following at December 31, 2018. EEB (Click the icon to view the partial balance sheet) Read the
The balance sheet of Mickey Corp. reported the following at December 31, 2018. EEB (Click the icon to view the partial balance sheet) Read the requirements Requirements the preferred stock cumulative noncumulative? How can you tell? Requirement a. The preferred stock i because it is not specifically labeled otherwise cumulative Is the preferred stock cumulative or noncumulative? How can you tell? a b What is the total amount of the annual preferred dividend? Requirement b. What is the total amount of the annual preferred dividend? How many shares of common stock are outstanding? Assume that Mickey Corp. earns net income of $104,000. Calculate the corporation's earnings per common share of stock Assume Mickey Corp. 's common stock's closing market price on December 31, 2018, is $54.00 per share. Calculate its pricelearnings multiple and the corporation's market capitalization C The total amount of the annual preferred dividend is $ d e Partial Balance Sheet Assume Mickey's board of directors declares a $1.90 dividend per share on its common stock. What is the stock's dividend yield? Stockholders' Equity Suppose you have gathered the following information from Mickey Corp's financial statements for 2018 and 2017 Preferred stock, 2%, S7 par, 9,000 shares authorized, issued, and 20176.5% 2017 2.0 times 2017 4.0 ssets (ROA) and return on equity (ROE) 63,000 (1) Net profit margin ratio: 201 12% Common stock no par $9 stated value, 85.000 shares authorized, 46.000 shares issued. 44.800 shares outstanding (2) Asset turnover: 20 ... 4times 414.000 (3) Leverage ratio 2018 42 rp.'s ret 241.500 Paid-in capital in excess of stated value-Common for both 2018 and 2017 and explain the trends Retained earnings 440,000 (8.500) Less Treasury stock, common (1,200 shares) Print Done 1,150,000 Total stockholders' equity
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