ACC 304 Endless Education /uophelp.com ACC 304 Endless Education /uophelp.com | Page 24

Common treasury stock :
Number of shares
9,000
Total cost
$ 240,000
Net income
$ 610,000
Compute ( assume no changes in balances during the past year ): ( Round per share and ratios to 2 decimal places , e . g . $ 15.75 or 15.75 %.)
( a )
Total amount of stockholders ' equity in the balance
sheet
$
( b )
Earnings per share of common stock
$
per share
( c )
Book value per share of common stock
$
per share ( d )
Payout ratio of common stock
% ( e )
Return on common stock equity
%
2 ) On January 1 , 2015 , Piper Co . issued ten-year bonds with a face value of $ 3,000,000 and a stated interest rate of 10 %, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12 %. Table values are :