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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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