FINANCIAL REPORTING PROBLEM

FINANCIAL REPORTING PROBLEM - is decreased by $4,209,000....

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FINANCIAL REPORTING PROBLEM AMBER WOLRIDGE a. b. The par/stated value of P&G common stock is listed as $1.00 per share. c. P&G authorized common stock was issued at approximately 40% on June 30, 2007. d. There were 3,131.9 million shares outstanding on June 30, 2007 and 3,178.8 million shares of common stock outstanding on June 30, 2006. e.
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Unformatted text preview: is decreased by $4,209,000. f. The rate of return on P&G common stock equity for the following years: 2007- 16.1% =$10340-161=10179/(126811/2)=16.05=16.1% 2006- 21.8% = $8684-148=8536/(78449/2)=0.2176=21.8% g. Payout Ratio 2007= 39.8%= 4048/10179 2006= 41.6%= 3555/8536 h. The market price range of P&Gs common stock during the quarter ending June 30,2007 were $64.75 (high) and $60.76 (low)....
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