The stockholders equity section of the balance sheet of

Reference no: EM13566557

The Stockholder's Equity section of the balance sheet of Deely Corporation is shown below. Determine the equity per share, the rate of return on stockholder's equity, the earnings per share, and the price-earnings ration. Show work uner "Calculations" and round off figures to two decimal places.

Stockholder's Equity

Paid in Capital

Common Stock,$30 par (50,000 shares authorized,

25<000 shares issued) $750,000

Premium on Common Stock 100,000

Total Paid-in Capital 850,000

Retained Earnings 120,000

Total Stockholder's Equity $970,000

Net income after income tax for the year is $130,000. The present market price of the stock is $40 per share

1.) Equity per share ______

2.) Rate of Return on Stockholders' Equity______

3) Earnings per share of common stock ______

4.) Price-earnings ration ______

Reference no: EM13566557

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