1 alphonse inc has a return on equity of 17 percent 73000, Ask an Expert

Finance

1. Alphonse Inc. has a return on equity of 17 percent, 73,000 shares of stock outstanding, and a net income of $140,000. What are earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. Lemon Co. has net income of $760,000 and 84,000 shares of stock. If the company pays a dividend of $1.84 per share, what are the additions to retained earnings? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92845040

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