For Year 2, Weston Corporation Reported After-Tax Net Income of $1,200,000

question 156

Short Answer

For Year 2, Weston Corporation reported after-tax net income of $1,200,000. During the year, the number of outstanding shares of 6% $100 par preferred stock remained constant at 5,000, and 500,000 shares of common stock were outstanding all year. The company's total stockholders' equity at December 31, Year 2, was $12,500,000. Weston's common stock was selling at $38 per share at the end of the year. All dividends for the year were paid, including a dividend of $2.50 per share to common stockholders.
Required:
Compute the following:Earnings per share (Round your answer to the nearest cent.)Book value per share of common stockPrice-earnings ratio (Round your answer to one decimal place.)Dividend yield (Round your answer to one decimal place.)

Recognize the consolidation process and its effects on the balance sheet and income statement.

Understand the requirements and effects of depreciating and amortizing the assets of a subsidiary in consolidation.

Understand the principles of effective communication and media relations in public administration.

Identify the levels of organizational structure and their functions within public administration.

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