Ace Electronics Has the Following Information Available at the End

question 216

Essay

Ace Electronics has the following information available at the end of the year:
* Additional shares of common stock were issued on July 1 of this year.
Net income was $90,000 this year.
1.What is the total dividend declared by Ace's board of directors this year?
2.What is the total amount of the dividends declared that belongs to the preferred shareholders?
3.What is the weighted average number of common shares outstanding this year?
4.What is earnings per share this year?
5.What is return on equity this year,rounded to the nearest tenth of a percent?

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Definitions:

Phylogeny

The evolutionary history and the relationships among a species or group of species.

Sympatric Speciation

The evolution of new species from a single ancestral species while inhabiting the same geographical region, without geographic isolation.

Disruptive Selection

A type of natural selection that favors extreme values of a trait over intermediate values, possibly leading to speciation.

Incipient

Relating to the initial stage; just beginning to happen or develop.