18 Aug Question: This Financial Information Is Available For Klinger Corporation. The Weighted-average Number Of Shares Of Common Stock Outstanding Was 180,500 For 2016 And 152,000 For 2017. Calculate Earnings Per Share And Return On Common Stockholders’ Equity For 2017 And 2016 2017 2016 Average Common Stockholders’ Equity $1,750,000 $2,090,000 Dividends Paid To …
This financial information is available for Klinger Corporation.
The weighted-average number of shares of common stock outstanding was 180,500 for 2016 and 152,000 for 2017.
Calculate earnings per share and return on common stockholders’ equity for 2017 and 2016
| 2017 | 2016 | |||
| Average common stockholders’ equity | $1,750,000 | $2,090,000 | ||
| Dividends paid to common stockholders | 90,500 | 71,500 | ||
| Dividends paid to preferred stockholders | 16,000 | 16,000 | ||
| Net income | 291,500 | 250,000 | ||
| Market price of common stock | 19 | 27 |
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