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Author Question: The balance sheet for Blan Corporation at the end of the current year indicates the following:Bonds ... (Read 53 times)

Ale

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on: Feb 5, 2023
The balance sheet for Blan Corporation at the end of the current year indicates the following:

Bonds payable, 8%......................................$4,000,000
6% Preferred stock, $100 par .....................1,000,000
Common stock, $10 par ..............................2,000,000
Income before income taxes was $480,000 and income taxes expense for the current year amounted to $144,000. Cash dividends paid on common stock were $300,000, and the common stock was selling for $22 per share at the end of the year. There were no ownership changes during the year.

Required:

Calculate each of the following:
a.Earnings per share
b.Price/earnings ratio
c.Dividend payout ratio
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Ale on Feb 5, 2023

wangyichun

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ale

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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