Jenkins Services Reported the Following Balances Compute Earnings Per Share for 2016,price/earnings Ratio for 2016,assuming the |

question 178

Essay

Jenkins Services reported the following balances:
$$\begin{array} { | l | r | r | } \hline & \text { December } 31,2016 & \text { December } 31,2015 \\\hline \text { Net Income } & \$ 45,000 & \$ 42,000 \\\hline \text { Preferred Dividends } & 5,000 & 3,000 \\\hline \text { Total Stockholders' Equity } & 375,000 & 368,000 \\\hline \begin{array} { l } \text { Total Stockholders' Equity } \\\text { attributable to Preferred Stock }\end{array} & 40,000 & 24,000 \\\hline \begin{array} { l } \text { Number of common Shares } \\\text { Outstanding }\end{array} & 16,000 & 12,000 \\\hline\end{array}$$ Compute earnings per share for 2016,price/earnings ratio for 2016,assuming the market price on December 31,2016 is $37.50 per share,and the rate of return on common stockholders' equity for 2016.
(Show your computations and round to two decimal places. )

Identify and explain the factors leading to discrepancies between nominal and real GDP, and their implications for measuring economic growth.

Distinguish between nominal GDP, real GDP, and the GDP price index and their roles in economic analysis.

Understand the concept of leakage and injection in the economic cycle and its impact on GDP.

Comprehend the differences and applications of fixed-weight and chain-weighted price indices in calculating inflation.

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Definitions:

Isotonic

A term applied to solutions that have identical concentrations of solute molecules and hence the same osmotic pressure. Compare with hypertonic and hypotonic.

Vesicle

A small fluid-filled bladder, sac, cyst, or vacuole within the body or a cell.

Plasma Membrane

The semi-permeable membrane surrounding the cytoplasm of a cell, which regulates the passage of substances in and out of the cell.

Membrane Receptor

A cell membrane-bound protein or protein complex that transduces signals from outside the cell to the cell's interior, initiating a cellular response.