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AC551 PROJECT

AC551 PROJECT - $4,209,000(f Return on common stock equity...

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AC551 PROJECT (b) The stated value of P&G’s common stock is $1 per share. (c) 39.9 percent (10,000) of P&G’s authorized common stock was issued at June 30, 2007. (d) At June 30, 2007 and June 30, 2006, P&G had 3,131.9 million and 3,178.8 million shares of common stock outstanding, respectively.
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Unformatted text preview: $4,209,000. (f) Return on common stock equity: 2007: ($10,340 – $161)/[$65,354 + $61,457)/2] = 16.1% 2006: ($8,684 – $148)/[$61,457 + $16,992)/2] = 21.8% (g) Payout ratio: 2007: $4,048/($10,340 – $161) = 39.8% 2006: $3,555/($8,684 – $148) = 41.6% (h) Price range for the quarter ended June 30, 2007: High—$64.75 Low—$60.76...
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