Statement of stockholders’ equity Climate Control Systems Co. offers its services to residents in the Spokane area. Selected acc
ounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 20Y2, are as follows: Common Stock Jan. 1 75,000 Feb. 15 25,000 Retained Earnings Dividends Dec. 31 160,000 Jan. 1 (20Y2) 4,150,800 Mar. 31 40,000 Dec. 31 160,000 Dec. 31 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Prepare a statement of stockholders’ equity for the year ended December 31, 20Y2. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Climate Control Systems Co. Statement of Stockholders’ Equity For the Year Ended December 31, 20Y2 Common Stock Retained Earnings Total $ $ $ $ $ $
1 answer:
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Answer: 29.93%
Explanation:
You can use Excel to solve for this.
Bear in mind that when given a series of cashflows, the expected return is the Internal Rate of Return (IRR).
Initial investment = $32
First cashflow = $1.25
Second cashflow = $1.31
Third cashflow = $1.38 + $65 selling price = $66.38
IRR = 29.93%
