The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.
Determine each of the following: Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.

Question

The balance sheet for Seuss Company at the end of the current fiscal year indicated the following:  Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.​
Determine each of the following:  Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.

Quizplus · Accepted Answer

The Answer of The balance sheet for Seuss Company at the end of the current fiscal year indicated the following:  Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.​
Determine each of the following:  Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.

The Balance Sheet for Seuss Company at the End of the Current