Solved

Financial Statements for Qiang Company Appear Below Total Dividends Paid During Year 2 Were $61,000,of Which $12,000

question 125

Essay

Financial statements for Qiang Company appear below:
$Financial statements for Qiang Company appear below: \begin{array}{|l|r|}\hline&\begin{array}{r} \text { Qiang 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) } & \$ 1500 \\ \hline \text { Costs of Goods Sold } & \$ 1050 \\ \hline \text { Gross Margin } & \$ 450 \\ \hline \text { Operating Expenses } & \$ 180 \\ \hline \text { Net Operating Income } & \$ 270 \\ \hline \text { Interest Expense } & \$ 40 \\ \hline \text { Net Income before Taxes } & \$ 230 \\ \hline \text { Income Taxes (30\%) } & \$ 69 \\ \hline \text { Net Income } & \$ 161 \\ \hline \end{array} Total dividends paid during Year 2 were $61,000,of which $12,000 were for preferred shares.The market price of a common share on December 31,Year 2 was $50. The preferred shares are convertible to common shares on the basis of four common shares for each preferred share. Required: Calculate the following for Year 2: a)Basic earnings per common share. b)Fully diluted earnings per common share. c)Price-earnings ratio (use basic earnings per share). d)Dividend yield ratio. e)Return on total assets. f)Return on common shareholders' equity. g)Book value per share.$
$\begin{array}{|l|r|}\hline&\begin{array}{r}\text { Qiang Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year 2} \\\text { (dollars in thousands) }\end{array} \\\hline \text { Sales (All on Account) } & \$ 1500 \\\hline \text { Costs of Goods Sold } & \$ 1050 \\\hline \text { Gross Margin } & \$ 450 \\\hline \text { Operating Expenses } & \$ 180 \\\hline \text { Net Operating Income } & \$ 270 \\\hline \text { Interest Expense } & \$ 40 \\\hline \text { Net Income before Taxes } & \$ 230 \\\hline \text { Income Taxes (30\%) } & \$ 69 \\\hline \text { Net Income } & \$ 161 \\\hline\end{array}$
Total dividends paid during Year 2 were $61,000,of which $12,000 were for preferred shares.The market price of a common share on December 31,Year 2 was $50.
The preferred shares are convertible to common shares on the basis of four common shares for each preferred share.
Required:
Calculate the following for Year 2:
a)Basic earnings per common share.
b)Fully diluted earnings per common share.
c)Price-earnings ratio (use basic earnings per share).
d)Dividend yield ratio.
e)Return on total assets.
f)Return on common shareholders' equity.
g)Book value per share.

Distinguish between various social media platforms and their relevance to specific marketing strategies.

Comprehend the importance of a social media presence for companies and consumer expectations related to it.

Realize the role of digital video content in enhancing organic search rankings.

Understand how social media can foster deep customer relationships and positive brand communication.

Definitions:

Inventory Velocity

Inventory velocity refers to the speed at which inventory is sold or turned over in a given period, indicating the efficiency of inventory management and effectiveness in meeting market demand.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Downstream

In a supply chain, refers to processes or activities that occur after a particular point, often closer to the end customer.

Pull Model

A supply chain model where the initiation of production and movement of goods is based on customer demand rather than anticipating it.