Problem: The financial statements of P&G are presented in Appendix 5B or can be accessed at the book's companion website,
www.wiley.com/college/kieso.
The Text Book is called Intermediate Accounting, 13th Edition.
Instructions:
Refer to these financial statements and the accompanying notes to answer the following questions.
Q1. What is the par or stated value of P&G's preferred stock?
Q2. What is the par or stated values of P&G's common stock?
Q3. What percentage of P&G's authorized common stock was issued at June 30, 2007?
Q4. How many shares of common stock were outstanding at June 30, 2007 and June 30, 2006?
Q5. What was the dollar amount effect of the cash dividend on P&G's stockholders' equity?
Q6. What is P&G rate of return on common stock equity for 2007 and 2006?
Q7. What is P&G payout ratio for 2007 and 2006?
Q8. What was the market price range (high/low) of P&G common stock during the quarter ended June 30, 2007?