30) Describe ratios used to analyze shareholders’ equity.
31) Kim Brother Fitness Center had average common shareholders’ equity of $546,890. The company had net income during the year of $359,000. There were 378,000 shares of common stock outstanding throughout the year and no preferred stock at any time. Calculate return on equity (round to the nearest tenth of a percent).
32) Kim Brother Fitness Center had common shareholders’ equity of $546,890. The company had net income during the year of $359,000. There were 378,000 shares of common stock outstanding throughout the year and no preferred stock at any time. Calculate earnings per share (rounded to the nearest cent).
33) Ice Video Corporation had average common shareholders’ equity of $423,785. The company had net income during the year of $213,465. There were 258,000 shares of common stock outstanding throughout the year and no preferred stock at any time. Calculate earnings per share (round to the nearest cent).
34) Ice Video Corporation had an average common shareholders’ equity of $423,785. The company had net income during the year of $213,465. There were 258,000 shares of common stock outstanding throughout the year and no preferred stock at any time. Calculate return on equity (round to the nearest tenth of a percent).