8 Wantage, Inc. had reported the following balances: (Click the icon to...

90.2K

Verified Solution

Question

Accounting

8image

Wantage, Inc. had reported the following balances: (Click the icon to view the 2018 and 2019 balances.) Data table 11. Compute Wantage's earnings per share for 2019. 12. Compute Wantage's price/earnings ratio for 2019, assuming the market price is $34 per share. 13. Compute Wantage's rate of return on common stockholders' equity for 2019. December 31, 2019 December 31, 2018 $ 94,000 $ 64.000 Net Income 11. Compute Wantage's earnings per share for 2019. 10,800 5,500 Select the formula, then enter the amounts to calculate the company's earnings per share for 2019. (Abbreviations used: Ave. 304,000 Preferred Dividends Total Stockholders' Equity Stockholders' Equity attributable to Preferred Stock Number of Common Shares Outstanding 338,000 18,000 = Earnings per share 18,000 16.000 10.000 12. Compute Wantage's price/earnings ratio for 2019, assuming the market price is $34 per share. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio for 2019. (Abbreviations used: Ave. Price/earnings ratio Print Done 13. Compute Wantage's rate of return on common stockholders' equity for 2019. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for 2019. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round your answer to the nearest tenth percent, X.X%.) Rate of return on common SE %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students