Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred stock during the year. A total of 500 thousand shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the company’s common stock at the end of the year was $27. All of the company’s sales are on account. Heritage Antiquing ServicesComparative Balance Sheet(dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,170 $ 1,320 Accounts receivable, net 10,900 6,700 Inventory 12,800 10,900 Prepaid expenses 660 670 Total current assets 25,530 19,590 Property and equipment: Land 9,600 9,600 Buildings and equipment, net 39,548 39,469 Total property and equipment 49,148 49,069 Total assets $ 74,678 $ 68,659 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,300 $ 18,600 Accrued payables 940 700 Notes payable, short term 160 160 Total current liabilities 20,400 19,460 Long-term liabilities: Bonds payable 9,100 9,100 Total liabilities 29,500 28,560 Stockholders' equity: Preferred stock 1,000 1,000 Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 5,500 5,500 Retained earnings 39,678 34,599 Total stockholders' equity 45,178 40,099 Total liabilities and stockholders' equity $ 74,678 $ 68,659 Heritage Antiquing ServicesComparative Income Statement and Reconciliation(dollars in thousands) This Year Last Year Sales $ 70,000 $ 65,000 Cost of goods sold 42,000 40,000 Gross margin 28,000 25,000 Selling and administrative expenses: Selling expenses 11,100 10,300 Administrative expenses 6,800 6,400 Total selling and administrative expenses 17,900 16,700 Net operating income 10,100 8,300 Interest expense 910 910 Net income before taxes 9,190 7,390 Income taxes 3,676 2,956 Net income 5,514 4,434 Dividends to preferred stockholders 60 400 Net income remaining for common stockholders 5,454 4,034 Dividends to common stockholders 375 375 Net income added to retained earnings 5,079 3,659 Retained earnings, beginning of year 34,599 30,940 Retained earnings, end of year $ 39,678 $ 34,599 Required:Compute the following financial ratios for common stockholders for this year:1. Gross margin percentage. (Round your answer to 1 decimal place.) Gross margin percentage %2. Earnings per share of common stock. (Round your answer to 2 decimal places.) Earnings per share $ 3. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Price-earnings ratio times4. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Dividend payout ratio %5. Dividend yield ratio. (Round your answer to 1 decimal place.) Dividend yield ratio %6. Return on total assets. (Round your intermediate calculations to whole numbers and final answer to 1 decimal place.) Return on total assets %7. Return on common stockholders' equity. (Round your intermediate calculations to whole numbers and final answer to 1 decimal place.) Return on common stockholders' equity %8. Book value per share. (Round your answer to 2 decimal places.) Book value per share $

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

The following transactions and events that occurred in the village of kowitt gorge during the calendar year 2019: 1. the village commissioners adopted the following budget: estimated revenues: property taxes $1,850,000 all other revenues 300,000 total revenues $2,150,000 appropriations: all departments other than police $1,000,000 police—salaries 600,000 police—fringe benefits 450,000 police—supplies 80,000 total appropriations $2,130,000 2. the village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. the village made cash payments, charging the following appropriations: all departments other than police $1,000,000 police—salaries 595,000 police—fringe benefits 390,000 4. the administrator of fringe benefits received an invoice for police employee health insurance in the amount of $95,000, together with a letter from the insurance provider, explaining that the large increase was caused by a change in federal laws. the invoice could not be paid because the police—fringe benefits appropriation had a balance of only $60,000 (appropriation of $450,000 minus expenditures in item 3 of $390,000). as a result, the village commissioners amended the budget as follows: increase: appropriation for police—fringe benefits $35,000 decrease: appropriation for police—salaries 5,000 decrease: appropriation for police—supplies 25,000 use of fund balance 5,000 5. the village paid the invoice for $95,000, referred to in item 4 above, charging the appropriation for police—fringe benefits. 6. the police department placed po 2019a for firearms in the amount of $30,000 and po 2019b for uniforms in the amount of $20,000, all charged to the appropriation for police—supplies. (enter these pos as one transaction.) 7. after receiving po 2019a, the supplier notified the police department that a change in the design of the weapons would increase the cost to $32,000. the department sent the supplier an amended po, increasing it by $2,000. 8. the police department received the uniforms ordered on po 2019b, together with an invoice for $20,000. the department approved the invoice for payment. record the transactions and events applicable to the appropriations for police—fringe benefits and police—supplies in the following appropriations ledger. notes: use a negative sign with your answers if: 1. the amount entered in the appropriation column is a debit (dr.) rather than a credit (cr.); or 2. the amount entered in the expenditures column is a credit (cr.) rather than a debit ( in the available appropriation column, enter the appropriate balance after every transaction/event, even if a transaction isn't recorded in a particular ledger for that transaction. for transaction 6, enter both purchase orders (pos) as one combined transaction. appropriations ledger appropriation: police - fringe benefits appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 appropriations ledger appropriation: police - supplies appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0