The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share 1 answer below »
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The following information pertains to Parsons Co.:
Preferred stock, cumulative: Par value per share $100 Dividend rate 8% Shares outstanding 11,000 Dividends in arrears none Common stock: Par value per share $10 Shares issued 110,000 Dividends paid per share $2.10 Market price per share $49 Additional paid-in capital $480,000 Unappropriated retained earnings (after closing) $290,000 Retained earnings appropriated for contingencies $300,000 Common treasury stock: Number of shares 11,000 Total cost $250,000 Net income $646,000
Compute (assume no changes in balances during the past year): (Round per share and ratios to 2 decimal places, e.g. $15.75 or 15.75%.)
(a) Total amount of stockholders’ equity in the balance sheet $ (b) Earnings per share of common stock $ per share (c) Book value per share of common stock $ per share (d) Payout ratio of common stock % (e) Return on common stock equity %
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