Preferred dividends-calculate the earnings per share

Assignment Help Financial Management

Reference no: EM131014771

Assume there are 600,000 shares of common stock authorized by ABC Corporation. Of those, 500,000 shares have been issued. Later, 100,000 shares of the issued shares were repurchased by ABC Corporation and are currently held as Treasury Stock. Net Income for the year was $1,600,000. There are no preferred dividends. Calculate the earnings per share (eps).

Reference no: EM131014771

Questions Cloud

What is the composition of vapor in equilibrium with liquid : Estimate the temperature where half the p-xylene in the liquid has crystallized. Has either of the other isomers formed a solid at this temperature? What is the lowest temperature that the system can have in which only p-xylene crystallizes? Wh..

Corporation pays interest payments : If a corporation pays interest payments of $900,000 to bondholders on debt it has, and its Earnings Before Interest and Taxes (EBIT) is $6,000,000, what is taxable income? $__________What is the tax due?

Assume the marginal tax rate : Assume the Marginal Tax Rate is 34%. If a corporation received $1,000,000 in interest income from corporate bonds it holds in another corporation, how much is subject to tax? $___________, what is the tax due? $_________, how much do they clear after..

What is the marginal tax rate and average tax rate : Assume taxable income for Maxwell Corporation is $200,000. Calculate the tax due here. What is the marginal tax rate? What is the average tax rate, show work?

Preferred dividends-calculate the earnings per share : Assume there are 600,000 shares of common stock authorized by ABC Corporation. Of those, 500,000 shares have been issued. Later, 100,000 shares of the issued shares were repurchased by ABC Corporation and are currently held as Treasury Stock. Net Inc..

Applicable legal restraints on business : The objective of this project is to familiarize the student with applicable legal restraints on business. It is important that each prospective business manager be able to locate applicable law regulating the business activity

Bond issue outstanding with an annual coupon : Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 7.2%, what is the value of the bond? Round your answer ..

Focuses on cost allocation : This week's question focuses on cost allocation. A major manufacturer decided to put one of its divisions up for sale because managerial information showed the components produced by this division is losing money.

Required return exceed farleys required return : Bradford Manufacturing Company has a beta of 1.9, while Farley Industries has a beta of 0.75. The required return on an index fund that holds the entire stock market is 8.5%. The risk-free rate of interest is 6.75%. By how much does Bradford's requir..

User Account

All Pages