Excerpts from Goodrow Corporation\'s most recent balance sheet and income statem

Question

Excerpts from Goodrow Corporation's most recent balance sheet and income statement appear below:

599

720

$6,329

$6,450

1,820

910

66

70

$164

(PLEASE SHOW WORK FOR RATING)

A. $0.12

B. $0.16

C. $0.09

D. $0.04

2.)Archer Company had net income of $71,000 last year. The company has 6,000 shares of common stock and 3,500 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred dividends were $4 per share. The earnings per share of common stock was:

(PLEASE SHOW WORK TO GET RATED)

A. $9.50

B. $5.50

C. $16.29

D. $11.25

Year 2 Year 1   Total assets $7,689 $7,830   Total liabilities $1,360 $1,380   Stockholders' equity:   Preferred stock, $100 par value, 10% $950 $950   Common stock, $2 par value 3,800 3,800   Additional paid-in capital--common stock 980 980   Retained earnings

599

720

  Total stockholders' equity

$6,329

$6,450

Explanation / Answer

c and a

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