The following information pertains to Parsons Co.

| February 25, 2017

Question
The following information pertains to Parsons Co.:

Preferred stock, cumulative:

Par value per share

$100

Dividend rate

8%

Shares outstanding

9,000

Dividends in arrears

none

Common stock:

Par value per share

$10

Shares issued

100,000

Dividends paid per share

$2.10

Market price per share

$48

Additional paid-in capital

$510,000

Un-appropriated retained earnings (after closing)

$290,000

Retained earnings appropriated for contingencies

$310,000

Common treasury stock:

Number of shares

9,000

Total cost

$250,000

Net income

$649,000

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

$

6.34 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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