Gwinnett Park Co. Reported net income of $ 916,800 for its fiscal year ended September 30 2003. At the beginning of that year, 150,000 shares of common stock were outstanding. On February 1, 2003, an additional 30,000 shares were issues. On Augusts 1, 2003, 12,000 shares were purchased as treasury stock. During the year, the company paid the annual dividend on 44,000 shares at 8%, $60 par value preferred stock that were outstanding during the entire fiscal year. Calculate the earnings per share of common stock for the year ended September 30, 2004.
A firm has common stock of 95, paid-in surplus of 190, total liabilities of 400, current assets of 450, and fixed assets of 580. What is the amount of the shareholders' equity? Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $1,200,000 and is currently appraised at $1,430,000. The counters and fixtures originally cost $665,000 and are currently valued at $407,000. The inventory is valued on the balance sheet at $357,000 and has a retail market value equal to 1.2 times its cost. Jake expects the store to collect 97 percent of the $181,200 in accounts receivable. The firm has $10,800 in cash and has total debt of $1,430,000. What is the market value of this firm? Jensen Enterprises paid $460 in dividends and $585 in interest this past year. Common stock increased by $255 and retained earnings decreased by $120. What is the net i...
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