# dividend yield ratio 458788

*Pleases SHOW HOW TO SOLVE this

Shull Corporation’s most recent balance sheet and income statement appear below:

Shull corporation statement of Financial position

December 31, Year 2 and Year 1 (dollars in thousands)

Don't use plagiarized sources. Get Your Custom Essay on
dividend yield ratio 458788
For \$10/Page 0nly

Current assets………………………………Year 2…..Year 1

Cash…………………………………………\$ 180……\$ 150

Accounts Receivable………………………..200………190

Inventory……………………………………..140………140

Prepaid expenses……………………………100………90

=

Total current assets…………………………620………570

Plant & equipment, net……………………..780………800

=

Total assets……………………………….\$1,400…..\$1,370

Current liabilities:

Accounts payable…………………………..\$ 110……\$ 130

Accrued liabilities……………………………..80……….70

Notes payable, short term…………………..60……….60

=

Total current liabilities………………………250………260

Bonds payable………………………………..220………240

=

Total liabilities………………………………..470………500

Stockholders’ equity:

Preferred stock, \$100 par value, 5%……….200……….200

Common Stock, \$2 par value………………..400………..400

Retained earnings……………………………..230………..170

=

Total stockholders’ equity……………………930………..870

=

Total liabilities & stockholders equity……\$1,400…….\$1,370

Shull Corporation Income Statement

For the Year Ended December 31, Year 2 (Dollars in thousands)

Sales (all on account)………………..\$1,130

Cost of goods sold……………………..700

=

Gross margin…………………………….430

=

Net operating income…………………..186

Interest expense………………………..29

=

Net income before taxes………………157

Income taxes (30%)……………………47

=

Net income…………………………….\$110

Dividends on common stock during Year 2 totaled \$40 thousand. Dividends on preferred stock total \$10 thousand. The market price of common stock at the end of the year 2 was \$9.80 per share.

***Find the dividend yield ratio

Calculator

Total price:\$26
Our features