The following financial information is available for Plummer Corporation. 2014 2

Question

The following financial information is available for Plummer Corporation.

2014

2013

The weighted-average number of shares of common stock outstanding was 79,530 for 2013 and 102,500 for 2014.

Calculate earnings per share and return on common stockholders’ equity for 2014 and 2013. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.)

   2014                    

2013

2014

2013

Average common stockholders’ equity $1,159,300 $899,200 Dividends paid to common stockholders 54,540 25,360 Dividends paid to preferred stockholders 19,570 19,570 Net income 290,000 202,560 Market price of common stock 21 16

Explanation / Answer

2014 2013 Average common stockholders’ equity $1,159,300 $899,200 Dividends paid to common stockholders 54,540 25,360 Dividends paid to preferred stockholders 19,570 19,570 Net income 290,000 202,560 Market price of common stock 21 16 EPS $0.17 $0.12 Return on common stockholders equity 25.0% 22.53%

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