common stock 4. Columbia Inc. reported the following financial data in its December 31, 2010 report to shareholders. Preferred Stock, 8%, $100 Par $ 40,000 Common Stock, $10 par, 20,000 Shares Issued and Outstanding 200,000 Paid-In Capital in Excess of Par 160,000 Retained Earnings 170,000 In 2011, the firm reported the following (presented in partial form). Operating income $120,000 Interest expense 30,000 Earnings before tax $ 90,000 Tax 40,000 Net income $ 50,000 On July 15, 2011, the common stock was split 2 for 1. The common stock dividends were declared and paid as follows. 1st Quarter $0.28 2nd Quarter 0.28 3rd Quarter 0.15 4th Quarter 0.15 The year-end market price for 2011 was $18.00. Required: For 2011, compute: a. earnings per share b. dividends per share based on ending shares c. the degree of financial leverage d. percentage of earnings retained e. dividend payout f. dividend yield g. Price/earnings ratio h. Book value per share Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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