Question
The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 8% Shares outstanding 9,000 Dividends in arrears none
The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 8% Shares outstanding 9,000 Dividends in arrears none Common stock: Par value per share $10 Shares issued 125,000 Dividends paid per share $2.00 Market price per share $47.50 Additional paid-in capital $490,000 Unappropriated retained earnings (after closing) $250,000 Retained earnings appropriated for contingencies $310,000 Common treasury stock: Number of shares 9,000 Total cost $260,000 Net income $630,000 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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