Author Question: Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred ... (Read 27 times)

fungirl · **on:** Feb 5, 2023

Question 1

Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, dividends paid to common stockholders of $10,000, average number of shares outstanding is 5,000 and average common stockholders' equity of $96,000. What is the return on common stockholders' equity?
◦ 33.3%
◦ 26.0%
◦ 88.5%
◦ 95.8%

Question 2

Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, and dividends paid to common stockholders of $10,000. The average number of shares outstanding is 5,000. What is the earnings per share?
◦ $16.40
◦ $6.40
◦ $18.40
◦ $5.00

kyledifference · **Reply #1 on:** Feb 5, 2023

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