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:

$\begin{array}{|l|r|}\hline&\begin{array}{r}\text { Quade Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year 2} \\\text { (dollars in thousands) }\end{array} \\\hline \text { Sales (All on Account) } & \$ 2400 \\\hline \text { Costs of Goods Sold } & \$ 1680 \\\hline \text { Gross Margin } & \$ 720 \\\hline \text { Operating Expenses } & \$ 280 \\\hline \text { Net Operating Income } & \$ 440 \\\hline \text { Interest Expense } & \$ 40 \\\hline \text { Net Income before Taxes } & \$ 400 \\\hline \text { Income Taxes (30\%) } & \$ 120 \\\hline \text { Net Income } & \$ 280\\\hline\end{array}$
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.

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Definitions:

Prophase

The first stage of cell division in both mitosis and meiosis, where chromosomes condense and the nuclear envelope breaks down.

S Phase

refers to the phase of the cell cycle in which DNA is replicated, occurring between the G1 and G2 phases.

Telophase

The final stage of mitosis or meiosis in cell division when chromosomes de-condense, nuclear membranes re-form, and the cytoplasm typically divides, resulting in two separate cells.

Interphase

A phase of the cell cycle where a cell spends most of its life, preparing for cell division by replicating its DNA and increasing in size.