The following are the income statements and balance sheets for Marvin Company: Sales only credit sales) Less cost of goods sold Gross profit Less operating expenses Operating income Less other expense: InterestIncome before tax Less income tax expense Net income20X2$1,606.01,062.0$544.0322.0$222.09.6$212.485.0$127.4
Current assets: Cash Accts receivable Inventory Prepaid rent Total current assets Long-term assets: Fixed assets Accum. deprec. Total long-term assets Total assets 20X2$3618012020$356$320206) $114$47020X1$3814410024$306$316180) $136$442 Current liabilities: Accts payable Wages payable Taxes payable Current portion of long-term debt Total current liabilities Long-term liabilities Total liabilities Owners’ equity: Common stock, $5 par Retained income Total owners’ equity Total liab. and own. equity 20X2$98182830$17466$240$80150$230$47020X1$641646$9092$182$80180$260$442
December 31 market price per share:$120$106 The earnings per share for Marvin Company in 20X2 is _____.
Stock Dividends
A payment to shareholders in the form of additional shares of stock rather than cash.
Paid-in Capital
Funds raised by a company through the sale of its equity securities, excluding any par value of the shares.
Retained Earnings
The portion of net earnings not distributed as dividends to shareholders but retained by the company for reinvestment or debt payment.
Stock Dividend
A dividend payment made in the form of additional shares rather than a cash payout, increasing the total number of shares owned.