Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the payout ratio, earnings per share, an

Calculate the payout ratio, earnings per share, and return on common stockholders' equity....

50.1K

Verified Solution

Question

Accounting

Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares
outstanding on January 1 and December 31 to determine the average shares outstanding.)(Round answers to 2 decimal places,
e.g 17.50%.)
Payout ratio
%
Earnings per share
$
Return on common stockholders' equity
%
The stockholders' equity accounts of Blue Spruce Corp. on January 1,2022, were as follows.
During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity.
Feb. 1 Issued 3,500 shares of common stock for $21,000.
Mar. 20 Purchased 700 additional shares of common treasury stock at $7 per share.
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31,
Dec. 31 Determined that net income for the year was $195,000. Paid the dividend declared on December 1.
image

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

Chemistry
1.2K views

QUESTION 15: The conversion of acetophenone, C6H5COCH3, to benzoic acid, C6H5COOH, is accomplished by the use of which oxidizing...

Psychology
1.2K views

Stress and it's management, discuss three main stressors. Stressors are the things that upset or excite...

Mechanical Engineering
1.2K views

5. Sketch two views of a turning operation to show that the back rake angle and the...

Geometry
1.2K views

Certain positive angles are marked in the given figure Find the corresponding radian or degrees...

Geometry
1.2K views

b c d Yes the polygon is regular It is both equilateral and equiangular No...

Basic Math
1.2K views

tion 33 1 point er total spending implies the economy must be producing a larger...

Statistics
1.2K views

A single die is rolled twice The 36 equally likely outcomes are shown to the...

Algebra
1.2K views

Identify the function for the given graph Je

Accounting
1.2K views

please use the data to answer all the questions Apple...

Accounting
1.2K views

The Alford Group had 230,000 shares of common stock outstanding at January 1, 2016. The...

Accounting
1.2K views

A corporation issues $90,000, 8%, 5-year bonds on January 1, for $94,050. Interest is paid...

Accounting
1.2K views

What interest rate (the nearest percent) must Armenia earn on a $452,000 investment today so...