Homework Answers
Net Income = After tax income = $46.50 million
Number of shares outstanding = 30 million
Hence, Earning Per share = Net Income / Number of shares outstanding = 46.50/30 = $1.55
Add Answer to:
Barker Creek Clothing has after-tax income of $46.50 million. It also has 30 million shares of...
ABC Clothing has after-tax income of $15.4 million. It also has 36 million shares of stock...
ABC Clothing has after-tax income of $15.4 million. It also has 36 million shares of stock outstanding. What is the firm's earnings per share? Multiple Choice $1.54 a share $3.60 a share $0.86 a share $0.43 a share $5.14 a share Last year, a firm earned $3.20 per share. If the current market value for a share of stock is $47, what is the firm's PE ratio? Multiple Choice 0.07 6.81 14.69 21.50 It is impossible to calculate a PE...
Assume that you purchased 220 shares of stock for $69 a share, that you received an...
Assume that you purchased 220 shares of stock for $69 a share, that you received an annual dividend of $1.80 a share, and that you sold your stock for $100 a share at the end of one year. What is the total return for your investment? (Ignore commission amounts for this question) Multiple Choice $7,216 $22,396 $396 $15,576 $31 A corporation's stock has a current market price of $88. The corporation has paid a dividend of $3.95 over the last...
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million....
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million. Myers also has warrants outstanding that allow the holder to buy 100,000 shares of stock at $20 per share. The stock is currently selling for $50 per share. a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic earnings per share b. Compute diluted earnings per share considering the possible impact of the warrants....
On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 3 million...
On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $850 million. The income tax rate...
ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and...
ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and a P/E multiple of 24. The company earns net income of $200 million for the year and pays out an annual dividend of $1.50 per share. The board of directors is considering a 3-for-2 stock split. a) What is the company’s stock price after the stock split? b) What is the company’s dividend yield after the stock split?
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
At January 1, 2018, Canaday Corporation had outstanding the following securities: 760 million common shares 30...
At January 1, 2018, Canaday Corporation had outstanding the following securities: 760 million common shares 30 million 6% cumulative preferred shares, $50 par 7% convertible bonds, $3,000 million face amount, convertible into 90 million common shares The following additional information is available: On September 1, 2018, Canaday sold 81 million additional shares of common stock. Incentive stock options to purchase 50 million shares of common stock after July 1, 2017, at $10 per share were outstanding at the beginning and...
Quaker State Wings has 285,000 shares outstanding and net income of $945,000. The company stock is...
Quaker State Wings has 285,000 shares outstanding and net income of $945,000. The company stock is currently selling for $70.88 per share. If the company repurchases $627,000 of its stock, what is the earnings per share after the repurchase? Multiple Choice $3.32 $3.42 $%3.52 $3.47 $3.59
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is...
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is currently selling for $65.23 per share. If the company repurchases $632.000 of its stock, what is the earnings per share after the repurchase? Multiple Choice 46, $3.39 $3.33 $313 $3.23 We were unable to transcribe this image
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018,...
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018, Paul sold 58,000 shares of common stock for cash. Paul also had 15,000 shares of convertible preferred stock outstanding throughout 2018. The preferred stock is $100 par, 7%, and is convertible into 3 shares of common for each share of preferred. Paul also had 600, 996, convertible bonds outstanding throughout 2018. Each $1,000 bond is convertible into 30 shares of common stock. The bonds...
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million. Myers also has warrants outstanding that allow the holder to buy 100,000 shares of stock at $20 per share. The stock is currently selling for $50 per share. a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic earnings per share b. Compute diluted earnings per share considering the possible impact of the warrants....
On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $850 million. The income tax rate...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
Quaker State Wings has 285,000 shares outstanding and net income of $945,000. The company stock is currently selling for $70.88 per share. If the company repurchases $627,000 of its stock, what is the earnings per share after the repurchase? Multiple Choice $3.32 $3.42 $%3.52 $3.47 $3.59
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is currently selling for $65.23 per share. If the company repurchases $632.000 of its stock, what is the earnings per share after the repurchase? Multiple Choice 46, $3.39 $3.33 $313 $3.23 We were unable to transcribe this image
Paul Company had 100,000 shares of common stock outstanding on January 1,2018. On September 30, 2018, Paul sold 58,000 shares of common stock for cash. Paul also had 15,000 shares of convertible preferred stock outstanding throughout 2018. The preferred stock is $100 par, 7%, and is convertible into 3 shares of common for each share of preferred. Paul also had 600, 996, convertible bonds outstanding throughout 2018. Each $1,000 bond is convertible into 30 shares of common stock. The bonds...
Most questions answered within 3 hours.
-
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 3 minutes ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 11 minutes ago -
Only one graph is needed.
(a) Draw a Supply Curve and the Demand Curve for the...
asked 14 minutes ago -
Fill in the blanks and please show how you arrived at numerical
answers
. The...
asked 14 minutes ago -
91. If the half – life of a sample of radioactive
material is 60 days, what...
asked 21 minutes ago -
White light (380nm-750nm) strikes a diffraction grating (420
lines/mm) at normal incidence. What is the highest-order...
asked 31 minutes ago -
1) Explain what is meant by a good being "excludable."?
2) Explain what is meant by...
asked 30 minutes ago -
I need help with this question:
Describe in detail at least two factors that stimulated American...
asked 37 minutes ago -
Calculate the Boyle temperature for helium assuming it follows
the Berthelot equation of state.
asked 38 minutes ago -
Summarize Strategic Corporate Social Responsibility, 4th edition
2017 book, chapter one and two.
asked 38 minutes ago -
1. If the standard deviations for return on stock A and stock B
are 28% and...
asked 53 minutes ago -
Please use python to explain.
Assume that the variables x and
y refer to strings. Write...
asked 1 hour ago