The following data is available for the years ended 2020 and 2021 for Bunting Company. 2021 2020 Common shares outstanding 120,000 110,000 (same shares for 2019 as 2020) Preferred shares outstanding 25,000 25,000 Common shares dividends $48,000 $37,400 Preferred shares dividends $12,500 $12,500 Net income $436,850 $310,600 Market price per share 45.5 40.9 a. Calculate the market ratios for 2021 in the table to the right b. Calculate the market ratios for 2020 in the table to the right
The following data is available for the years ended 2020 and 2021 for Bunting Company. 2021 2020 Common shares outstanding 120,000 110,000 (same shares for 2019 as 2020) Preferred shares outstanding 25,000 25,000 Common shares dividends $48,000 $37,400 Preferred shares dividends $12,500 $12,500 Net income $436,850 $310,600 Market price per share 45.5 40.9 a. Calculate the market ratios for 2021 in the table to the right b. Calculate the market ratios for 2020 in the table to the right
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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The following data is available for the years ended 2020 and 2021 for Bunting Company. | |||||||||
2021 | 2020 | ||||||||
Common shares outstanding | 120,000 | 110,000 | (same shares for 2019 as 2020) | ||||||
25,000 | 25,000 | ||||||||
Common shares dividends | $48,000 | $37,400 | |||||||
Preferred shares dividends | $12,500 | $12,500 | |||||||
Net income | $436,850 | $310,600 | |||||||
Market price per share | 45.5 | 40.9 | |||||||
a. Calculate the market ratios for 2021 in the table to the right | |||||||||
b. Calculate the market ratios for 2020 in the table to the right | |||||||||
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