Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following financial information is available for Crane Corporation. 2022 2021 Average common stockholders' equity $1,150,000 $855,000 Dividends paid to common stockholders 54,500 29.500

image text in transcribed

The following financial information is available for Crane Corporation. 2022 2021 Average common stockholders' equity $1,150,000 $855,000 Dividends paid to common stockholders 54,500 29.500 Dividends paid to preferred stockholders 16,000 16,000 Net income 280,000 190,000 Market price of common stock 20 17 The weighted-average number of shares of common stock outstanding was 80,000 for 2021 and 110,000 for 2022. Calculate earnings per share and return on common stockholders' equity for 2022 and 2021. (Round answers to 2 decimal places, eg. 10.50% or 10.50) Earnings per share Return on common stockholders' equity 2022 23 2021 20

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

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

Recommended Textbook for

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

9th edition

978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237

More Books

Students also viewed these Accounting questions

Question

Show that, if X 0, then P(X a) E(X)/a.

Answered: 1 week ago