Earnings per share and return on common stockholders' equity
Not what you're looking for?
1. The following financial information is available for Hoyle Corporation
Average common stockholders' equity 2010: 1,800,000
2009: 1,900,000
Dividends paid to common stockholders
2010: 90,000
2009: 70,000
Dividends paid to preferred stockholders
2010: 20,000
2009: 20,000
Net income
2010: 290,000
2009: 248,000
Market price of common stock
2010: 20
2009: 25
The weighted average number of shares of common stock outstanding was 180,000 for 2009 and 150,000 for 2010.
Instructions
Calculate earnings per share and return on common stockholders' equity
Purchase this Solution
Solution Summary
The solution explains how to calculate the earnings per share and return on common stockholders' equity.
Solution Preview
Earnings per share = (Net Income - Preferred Dividends)/Weighted average common shares
Return on ...
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.