Acct 551 Project 1 - e) A decrease of $4,209,000 f) Rate of...

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James Holliday Project 1 10/3/2010 a) Preferred stock par value is $1 b) Common stock par value is $1 c) The percentage of P&G’s authorized common stock that was issued on June 30, 2007 was 3,990,000 shares which is 39.9 percent. d) On June 30, 2007 there were 3,132,000 shares outstanding and on June 30, 2006 there were 3,179,000 shares outstanding.
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Unformatted text preview: e) A decrease of $4,209,000 f) Rate of Return on Common Stock: 2007: ($10,340 $161) / [($65,354 + $61,457)/2] = 16% 2006: ($8,684 $148) / [($61,457 + $16,992)/2] = 22% g) Payout Ratio: 2007: $4,048 / ($10,340 $161) = 40% 2006: $3,555 / ($8,684 $148) = 42% h) The price range is $60.76 and $64.75...
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