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ACC 510 Wk 3 Wgt Avg_BRYSON_VICTOR

# ACC 510 Wk 3 Wgt Avg_BRYSON_VICTOR - 2009 and 150,000 for...

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Victor Bryson ACC 510 Week 3 WGT AVG March 27, 2010 Wk 3 Wgt Avg Your assignment is to complete E14-16 located on Page 633 of your textbook. Calculate earnings per share and return on common stockholders equity for 2010 and 2009. Hoyle Corporation 2010 2009 Average Common stockholders’ equity 1,800,000 1.900,000 Dividends paid to common stockholders 90,000 70,000 Dividends paid to preferred stockholders 20,000 20,000 Net income 290,000 248,000 Market price of common stock 20 25 The weighted-average number of shares of common stock outstanding was 180,000 for
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Unformatted text preview: 2009 and 150,000 for 2010 RETURN ON COMMON STOCKHOLDERS EQUITY 2010 (290,000 - 20,000) / 1,800,000 = 15% Return on common stockholder equity 2009 (248,000 – 20,000) / 1,900,000 = 12% Return on common stockholder equity EARNINGS PER SHARE 2010 (290,000 – 20,000) / 150, 000 = 1.80 Earnings Per Share 2009 (248,000 – 20,000) / 180, 000 = 1.27 Earnings Per Share...
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