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Financial Statements for Quade Company Appear Below Total Dividends Paid During Year 2 Were $210,000,of Which $18,000

question 68

Essay

Financial statements for Quade Company appear below:
$Financial statements for Quade Company appear below: \begin{array}{|l|r|}\hline&\begin{array}{r} \text { Quade Company } \\ \text { Income Statement }\\\text { For the Year Ended December 31, Year 2} \\ \text { (dollars in thousands) } \end{array} \\ \hline \text { Sales (All on Account) } & \$ 2400 \\ \hline \text { Costs of Goods Sold } & \$ 1680 \\ \hline \text { Gross Margin } & \$ 720 \\ \hline \text { Operating Expenses } & \$ 280 \\ \hline \text { Net Operating Income } & \$ 440 \\ \hline \text { Interest Expense } & \$ 40 \\ \hline \text { Net Income before Taxes } & \$ 400 \\ \hline \text { Income Taxes (30\%) } & \$ 120 \\ \hline \text { Net Income } & \$ 280\\\hline \end{array} Total dividends paid during Year 2 were $210,000,of which $18,000 were preferred dividends.The market price of a common share on December 31,Year 2 was $230. Required: Calculate the following for Year 2: a)Earnings per share. b)Price-earnings ratio. c)Dividend yield ratio. d)Return on total assets. e)Return on common shareholders' equity. f)Book value per share.$
$\begin{array}{|l|r|}\hline&\begin{array}{r}\text { Quade Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year 2} \\\text { (dollars in thousands) }\end{array} \\\hline \text { Sales (All on Account) } & \$ 2400 \\\hline \text { Costs of Goods Sold } & \$ 1680 \\\hline \text { Gross Margin } & \$ 720 \\\hline \text { Operating Expenses } & \$ 280 \\\hline \text { Net Operating Income } & \$ 440 \\\hline \text { Interest Expense } & \$ 40 \\\hline \text { Net Income before Taxes } & \$ 400 \\\hline \text { Income Taxes (30\%) } & \$ 120 \\\hline \text { Net Income } & \$ 280\\\hline\end{array}$
Total dividends paid during Year 2 were $210,000,of which $18,000 were preferred dividends.The market price of a common share on December 31,Year 2 was $230.
Required:
Calculate the following for Year 2:
a)Earnings per share.
b)Price-earnings ratio.
c)Dividend yield ratio.
d)Return on total assets.
e)Return on common shareholders' equity.
f)Book value per share.

Understand the characteristics of effective team members and their roles in teams.

Grasp the concept and types of interdependence in team settings.

Recognize the stages of team development and their significance.

Identify the conditions under which teams are more effective.

Definitions:

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A situation where individuals or their contributions are not duly acknowledged or appreciated, which can lead to dissatisfaction and demotivation.

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A significant event or situation that causes a substantial amount of stress, potentially leading to health problems or emotional distress.

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A category of occupational injuries resulting from prolonged repetitive work, which affects muscles, tendons, and nerves.

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Injuries caused by repeated physical movements which strain body parts, often occurring in workplace settings.