Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Weighted average common shares outstanding (https://www.askmehelpdesk.com/showthread.php?t=669211)

  • Jun 10, 2012, 10:24 AM
    Marie O
    Weighted average common shares outstanding
    I am trying to compute the weighted average common shares outstanding from
    This information:



    KERSENBROCK CORPORATION





    Balance Sheets






    December 31







    2009



    2008



    2007





    Cash

    $ 25,000



    $ 20,000



    $ 18,000





    Receivables (net)

    50,000



    45,000



    48,000





    Other current assets

    90,000



    95,000



    64,000





    Investments

    75,000



    70,000



    45,000





    Plant and equipment (net)


    400,000




    370,000




    358,000








    $640,000




    $600,000




    $533,000





















    Current liabilities

    $ 75,000



    $ 80,000



    $ 70,000





    Long-term debt

    80,000



    85,000



    50,000





    Common stock, $10 par

    340,000



    310,000



    300,000





    Retained earnings


    145,000




    125,000




    113,000








    $640,000




    $600,000




    $533,000








    KERSENBROCK CORPORATION





    Income Statement






    For the Year Ended December 31







    2009



    2008





    Sales

    $740,000



    $700,000





    Less: Sales returns and allowances


    40,000




    50,000





    Net sales

    700,000



    650,000





    Cost of goods sold


    420,000




    400,000





    Gross profit

    280,000



    250,000





    Operating expenses (including income taxes)


    235,000




    220,000





    Net income


    $ 45,000




    $ 30,000



    Additional information:
    1.
    The market price of Kersenbrock's common stock was $4.00, $5.00, and $8.00 for 2007, 2008, and 2009, respectively.

    2.
    All dividends were paid in cash.

  • All times are GMT -7. The time now is 01:53 PM.