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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