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.Indicate on the blanks below the net effect (I = increase, D = decrease, NE = no effect)

.Indicate on the blanks below the net effect (I = increase, D = decrease, NE = no effect) of each of the following entries on working capital.

 

__________ 1. To record the declaration of a cash dividend

__________ 2. To record the payment of a previously declared and recorded cash dividend

__________ 3. To close the Dividends account at the end of the accounting period

 

 

169.Indicate on the blanks below the net effect (I = increase, D = decrease, NE = no effect) of each of the following entries on total stockholders' equity.

 

__________ 1. To record the declaration of a cash dividend

__________ 2. To record the payment of a previously declared and recorded cash dividend

__________ 3. To close the Dividends account at the end of the accounting period

 

 

170.Use the following information to obtain the ratios requested below. Where necessary, carry answers to one decimal place.

 

Dividends per share:                                 $0.76

Market price per share:                             $40.00

Net income:                                               $64,000

Stockholders' equity, beginning of year:   $500,000

Stockholders' equity, end of year:             $530,000

Earnings per share:                                    $1.75

 

a. Dividends yield                = __________%

b. Return on equity              = __________%

c. Price/earnings (P/E) ratio = __________ times

Dec 10 2019 View more View Less

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