Exercise 139
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The following information pertains to Parsons Co.:
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Preferred stock, cumulative:
  Par value per share                   $100
  Dividend rate                    8%
  Shares outstanding                  9,000
  Dividends in arrears               none
Common stock:
  Par value per share                  $10
  Shares issued                 105,000
  Dividends paid per share              $2.10
  Market price per share              $48.00
Additional paid-in                       $520,000
Unappropriated retained earnings (after closing) $290,000
Retained earnings appropriated for contingencies $290,000
Common treasury stock:
  Number of shares                  9,000
  Total cost                       $240,000
Net income                     $624,000
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Compute : (assume no changes in balances during the past year): (Round per share and ratios to 2 decimal places)
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(a) Total amount of stockholders' equity in the balance sheet
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(b) Earnings per share of common stock per share
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(c) Book value per share of common stock per share
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(d) Payout ratio of common stock %
Answers
Status NEW
Posted 09 May 2017 01:05 AM
My Price 7.00
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