Question
The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 8% Shares outstanding 10,000 Dividends in arrears none
The following information pertains to Parsons Co.:
Preferred stock, cumulative:
Par value per share $100
Dividend rate 8% Shares outstanding 10,000
Dividends in arrears none
Common stock: Par value per share $10
Shares issued 121,000
Dividends paid per share $2.10
Market price per share $47.00
Additional paid-in capital $490,000
Unappropriated retained earnings (after closing) $290,000
Retained earnings appropriated for contingencies $280,000
Common treasury stock: Number of shares 10,000
Total cost $240,000
Net income $635,000
Compute (assume no changes in balances during the past year): (Round per share and ratios to 2 decimal places, e.g. $15.25 or 15.25%.)
(a) Total amount of stockholders' equity in the balance sheet $
(b) Earnings per share of common stock $ per share
(c) Book value per share of common stock $ per share
(d) Payout ratio of common stock % (e) Return on common stock equity %
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