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The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80.000 for 2016 and 100,000 for
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80.000 for 2016 and 100,000 for 2017. Calculate earnings per share and return on common stockholders' equity for 2017 and 2016. This financial information is available for Klinger Corporation. The weighted-average number of shares of common stock outstanding was 180.000 for 2016 and 150,000 for 2017. Instructions Calculate earnings per share and return on common stockholders' equity for 2017 and 2016. At December 31. 2017. Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock outstanding and 100,000 shares of $10 par value common stock issued. Millwood's net income for the year is $241,000. Instructions Compute the earnings per share of common stock under the following independent situations. (Round to two decimals.) (a) The dividend to preferred stockholders was declared. There has been no change in the number of shares of common stock outstanding during the year. (b) The dividend to preferred stockholder, was not declared The preferred stock is cumulative. Millwood held 10,000 shares of common treasury stock throughout the year
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