Question
These account balances at December 31 relate to Sportplace, Inc.: LOADING... (Click the icon to view the account balances.) What is total paid-in capital for
These account balances at December 31 relate to
Sportplace,
Inc.:
LOADING...
(Click the icon to view the account balances.)
What is total paid-in capital for
Sportplace?
(Assume that treasury stock does not reduce total paid-in capital.)
Data table
Accounts Payable | $51,700 |
---|---|
Accounts Receivable | 81,050 |
Common Stock | 313,000 |
Treasury Stock | 5,700 |
Bonds Payable | 3,300 |
Paid-in Capital in Excess of ParCommon | 240,000 |
Preferred Stock, 10%, $100 Par | 85,000 |
Retained Earnings | 71,900 |
Notes Receivable | 12,800 |
What is total stockholders' equity for
Sportplace,
Inc.?
's
net income for the period is
$119,600
and its average common stockholders' equity is
$699,415.
Sportplace's
return on common stockholders' equity is closest to
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