Wednesday, November 6, 2019
Proctor Gamble Project Essays
Proctor Gamble Project Essays Proctor Gamble Project Essay Proctor Gamble Project Essay The par or stated value of PGââ¬â¢s preferred stock is $1 B. )à à The par or stated value of PGââ¬â¢s common stock is $1 C. )à à . 975 D. )à In June of 2007 and 2006, 3,131,946 and 3,178,841 of common stock remain outstanding respectively. (p. 52) E. )à à ââ¬Å"Our first discretionary use of cash is dividend payments. Dividends per common share increased 11% to $1. 28 per share in 2007. This increase represents the 51st consecutive fiscal year the Company has increased its common share dividend. Total dividend payments to both common and preferred shareholders were $4. 2 billion, $3. 7 billion and $2. 7 billion in 2007, 2006 and 2005, respectively. â⬠(p. 48) F. )à à The rate of return on common stock equity in 2007, equals net income ($10.. 3 billion (converted to 103,000 for the sake of input in a calculator) less preferred dividends (41,797) divided by average common stockholders equity ((66,760 + 62,908)/2) which is 94%. The rate of return on common stock equity in 2006, (8,700,000-161,000/62,908) 135% G. )à The payout ratio for 2007 and 2006 was (Cash dividend divided by net income-preferred dividends (2007: 420,000/$103,000-41,797) is 6. 86. The payout ratio for 2006 (270,000/8,700,000-161,000) is 3. 16 H. )à The market price range of PGââ¬â¢s common stock during the quarter ended June 30, 2007 was $60. 76 to $64. 75 (p. 73)
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