Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders equity $1,140,000 $870,000 Dividends paid to common stockholders 45,000 29,000 Dividends

The following financial information is available for Cullumber Corporation.

2020

2019

Average common stockholders equity $1,140,000 $870,000
Dividends paid to common stockholders 45,000 29,000
Dividends paid to preferred stockholders 16,000 16,000
Net income 295,000 205,000
Market price of common stock 22 16

The weighted-average number of shares of common stock outstanding was 76,000 for 2019 and 104,000 for 2020. Calculate earnings per share and return on common stockholders equity for 2020 and 2019. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.)

2020

2019

Earnings per share $

$

Return on common stockholders equity

%

%

Click if you would like to Show Work for this question:

Open Show Work

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

Accounting Regulation In Japan Evolution And Development From 2001 To 2015

Authors: Masatsugu Sanada, Yoshihiro Tokuga

1st Edition

0367221071, 9780367221072

More Books

Students also viewed these Accounting questions