Essay
*Calculation of selected financial ratios
Cuba Corp. provides the following information for 2020:
Preferred shares, 8%, par value $ 100, cumulative, callable: 
Instructions
Calculate the following (assume no changes in share account balances during 2020):
a) Total amount of shareholders' equity on the December 31, 2020 statement of financial position
b) Earnings per share
c) Price earnings ratio of common shares
d. Payout ratio of common shares
e) Book value per common share
Correct Answer:
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a) (5,000 × $ 100) + $ 800,000 + $ 175,0...View Answer
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