View Policies Current Attempt in Progress Assume that all balance sheet amounts for Sheridan Company represent average balance figures. Stockholders' equity-common $150000 Total stockholders' equity 200000 Sales revenue 190000 Net income 31000 Number of shares of common 8000 stock Common stock dividends 9000 Preferred stock dividends 2200 What is the return on common stockholders' equity for Sheridan? C 20.7% C 13.2% C 19.2% C 14.7% Attempts: 0 of 4 used Submit Answer Save for LaterView Policies Current Attempt in Progress A corporation has the following account balances: Common stock, $1 par value, $44000; Paid-in Capital in Excess of Par, $750000. Based on this information, the C number of shares outstanding is 794000. C number of shares issued is 44000. C legal capital is $794000. C average price per share issued is $6.63. Save for Later Attempts: 0 of 4 used Submit AnswerCurrent Attempt in Progress The following data is available for Crane Service Corporation at December 31, 2020: Common stock, par $10 (authorized 100000 shares) $402000 Treasury Stock (at cost $15 per share) 42000 Based on the data, how many shares of common stock are outstanding? C 48600 C 40200 C 50000 C 37400 Save for Later Attempts: 0 of 4 used Submit Answer- /1 E View Policies Current Attempt in Progress Andy Eggers has invested $150,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Eggers stand to lose? The $150,000 plus any personal assets the creditors demand. C Up to his total investment of $150,000. C $100,000. C Zero. Save for Later Attempts: 0 of 4 used Submit AnswerCurrent Attempt in Progress Retained earnings is always equal to the amount of cash that the corporation has generated from operations. closed at the end of each accounting period. C a part of the stockholders' claim on the total assets of the corporation. C a part of the paid-in capital of the corporation. Save for Later Attempts: 0 of 4 used Submit AnswerCurrent Att Assume that all balance sheet amounts for Bramble Company represent average balance figures. Stockholders' equity-common $363000 Total stockholders' equity 803000 Sales revenue 400000 Net income 78000 Number of shares of common 40000 stock Common stock dividends 31000 Preferred stock dividends 6000 What is the earnings per share for Bramble? C $2.01 C $1.90 C $1.80 C $1.20 Attempts: 0 of 4 used Submit Answer Save for LaterView Policies Current Attempt in Progress Waterway Corporation splits its common stock 2 for 1, when the market value is $89 per share. Prior to the split, Waterway had 100000 shares of $20 par value common stock issued and outstanding. After the split, the par value of the stock is reduced to $10 per share. C remains the same. C is reduced to $2 per share. C is reduced to $40 per share. Save for Later Attempts: 0 of 4 used Submit