Acc280 Financial Accounting: E14-16 This financial information is available for Hoyle Corporation


Acc280 Financial Accounting
E14-16
This financial information is available for Hoyle Corporation.
2010 2009
Average common stockholders' equity 1,800,000 1,900,000
Dividends paid to common stockholders 90,000 70,000
Dividends paid to preferred stockholders 20,000 20,000
Net income 290,000 248,000
Market price of common stock 20 25

The weighted-average number of shares of common stock outstanding was 180,000 for 2009 and 150,000 for 2010.

Instructions
Calculate earnings per share and return on common stockholders' equity for 2010 and 2009. (Round earnings per share to 2 decimal places, e.g. 10.50. Round other answers to 1 decimal place, e.g. 10.5.)
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