Refer to Rhodes Bakery.Calculate the following shareholder ratios for Year 3 and Year 2: earnings per share,return on common equity,dividend yield,dividend payout,total payout,and share repurchase payout ratios.Round your answers to two decimal places,then comment on the company's shareholder performance.
Additional information is available below:
$$\begin{array} { l r r }
& \text { Year 3 } & \text { Year 2 } \
\text { Net income }& \$ 24,000 & \$ 28,750 \
\text { Dividends paid }& \$ 1,500 & \$ 875 \
\text { Average number of shares autstanding } & 22,812 & 17,500 \
\text { Closing market price per share } & \$ 24.00 & \$ 18.00
\end{array}$$
The company had no preferred shares throughout the period Year 1 through Year 3.At December 31,Year 1,total shareholders' equity was $287,500.

Question

Refer to Rhodes Bakery.Calculate the following shareholder ratios for Year 3 and Year 2: earnings per share,return on common equity,dividend yield,dividend payout,total payout,and share repurchase payout ratios.Round your answers to two decimal places,then comment on the company's shareholder performance.
Additional information is available below:
 $$\begin{array} { l r r } 
 & \text { Year 3 } & \text { Year 2 } \
 \text { Net income }& \$ 24,000 & \$ 28,750 \
\text { Dividends paid }& \$ 1,500 & \$ 875 \
\text { Average number of shares autstanding } & 22,812 & 17,500 \
\text { Closing market price per share } & \$ 24.00 & \$ 18.00
\end{array}$$ 
The company had no preferred shares throughout the period Year 1 through Year 3.At December 31,Year 1,total shareholders' equity was $287,500.

Quizplus · Accepted Answer

The Answer of Refer to Rhodes Bakery.Calculate the following shareholder ratios for Year 3 and Year 2: earnings per share,return on common equity,dividend yield,dividend payout,total payout,and share repurchase payout ratios.Round your answers to two decimal places,then comment on the company's shareholder performance.
Additional information is available below:
 $$\begin{array} { l r r } 
 & \text { Year 3 } & \text { Year 2 } \
 \text { Net income }& \$ 24,000 & \$ 28,750 \
\text { Dividends paid }& \$ 1,500 & \$ 875 \
\text { Average number of shares autstanding } & 22,812 & 17,500 \
\text { Closing market price per share } & \$ 24.00 & \$ 18.00
\end{array}$$ 
The company had no preferred shares throughout the period Year 1 through Year 3.At December 31,Year 1,total shareholders' equity was $287,500.

Refer to Rhodes Bakery The Company Had No Preferred Shares Throughout the Period Year