Financial Statements for Qiang Company Appear Below

question 100

Essay

Financial statements for Qiang Company appear below:


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.

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Definitions:

Tomb Of The Leopards

An Etruscan tomb in Italy, famous for its wall frescoes depicting a banquet scene with figures and leopards.

Banqueting Scene

Artistic depictions of a feast or grand meal, often found in ancient wall paintings, bas-reliefs, and ceremonial objects, illustrating social or religious gatherings.

Apollo Of Veii

An ancient Etruscan terracotta statue representing Apollo, discovered at the sanctuary of Portonaccio near Veii.

Temple Pediment

denotes the triangular upper part of the front of a building in classical style, typically surmounting a portico of columns, and often decorated with sculpture.