Rossdale, Inc., had additions to retained earnings for the year just ended of $640,000. The firm paid out $55,000 in cash dividends, and it has ending total equity of $7.35 million.

If the company currently has 720,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

Earnings per share is $0.89 per share

Dividends per share is $0.08 per share

Book value per share is $10.21 per share

Explanation:

Additions to Retained Earning = Net Income = $640,000

Dividend Paid = $55,000

Total Equity = $7.35 million = $7,350,000

Common stock outstanding = 720,000 shares

Earning Per Share = Net Income / Number of Outstanding shares

Earning Per Share = $640,000 / 720,000 = $0.89 per share

Dividend per share = Dividend Paid / Number of Outstanding shares

Dividend per share = $55,000 / 720,000 = $0.08 per share

Book value per share = Total Equity / Number of Outstanding shares

Book value per share = $7,350,000 / 720,000 = $10.21 per share

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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