Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 28 Jul 2017 My Price 8.00

Procter & Gamble

Procter & Gamble is a $77 billion company that sells products that are part of most of our daily lives, including Mr. Clean, Cheer, Crest, Vicks, Scope, Pringles, Folgers, Vidal Sassoon, Zest, and Charmin. The annual report for P&G contained the following information:
a. Retained earnings at the end of 2007 totaled $41,797 million.
b. Net income for 2008 was $12,075 million.
c. Par value of the stock is $1 per share.
d. Cash dividends declared in 2008 were $1.45 per share.
e. The Common Stock, Par Value account totaled $4,002 million at the end of 2008 and $3,990 at the end of 2007.
Required (assume that no other information concerning stockholders’ equity is relevant):
1. Estimate the number of shares outstanding at the end of 2008.
2. Estimate the amount of retained earnings at the end of 2008.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Jul 2017 09:07 PM My Price 8.00

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