Fowler Company reported these figures for 2018and 2017: Data table: 2017 2018
Income Statement—partial:
Net Income $18,200 $25,000
Dec. 31, 2018 Dec. 31, 2017
Balance Sheet—partial:
Total Assets $265,000 $275,000
Paid-In Capital:
Preferred Stock—5%, $6 Par Value; 55,000 shares $84,000 $84,000
authorized, 14,000 shares issued and outstanding
Common Stock—$3 Par Value; 70,000 shares 105,000 105,000
authorized; 35,000 shares issued and outstanding
Paid-In Capital in Excess of Par—Common 5,000 5,000
Retained Earnings 59,000 45,000
Total Stockholders' Equity $253,000 $239,000
Requirements:
1. Compute Fowler Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent.
2. Compute Fowler Company's price/earnings ratio for 2018. Assume the company's market price per share of common stock is $4. Round to two decimals.
3. Compute Fowler Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent.

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.