Franklin Corporation reported net income of $52,500 in Year 1. The company had 75,000 shares of $12 par value common stock outstanding and a market price of $14 per share. What is Franklin's price-earnings ratio?
Answer: Franklin's Price earning ratio = 20
Franklin Corporation reported net income of $52,500 in Year 1. The company had 75,000 shares of...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Pearl Corporation reported net income of $213,860 in 2020 and had 53,900 shares of common...
Grouper Corporation reported net income of $569.000 in 2017 and had 256,000 shares of common stock outstanding throughout the year. Also outstanding all year were 64.200 options to purchase common stock at $B per share. The average market price of the stock during the year was $12.Compute diluted earnings per share (Round answer to 2 decimal places, eg: 15.25.) Diluted Earnings Per Share $
Brief Exercise 16-15 Marigold Corporation reported net income of $421,590 in 2017 and had 203,000 shares of common stock outstanding throughout the year. Also outstanding all year were 49,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share
Net income was $240,000 for the year. Throughout the year the company had outstanding 12,000 shares of 6%, $50 par value preferred stock and 75,000 shares of common stock. Basic earnings per share of common stock for the year were: a) $2.72 b) $3.68 c) $2.34 d) $3.20
X Your answer is incorrect. Flint Corporation reported net income of $221,650 in 2020 and had 182,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 3.55.) Diluted earnings per share 1.13
Shamrock Corporation reported net income of $300,780 in 2017 and had 45,900 shares of common stock outstanding throughout the year. Also outstanding all year were 4,900 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Shamrock’s tax rate is 30%. Compute Shamrock’s 2017 diluted earnings per share. (
Riverbed Corporation reported net income of $259,140 in 2020 and had 52,100 shares of common stock outstanding throughout the year. Also outstanding all year were 4,800 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Riverbed’s tax rate is 40%. Compute Riverbed’s 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
Brief Exercise 16-14 Nash Corporation reported net income of $213,860 in 2017 and had 53,00 shares of common stock outstanding throughout the year. Als outstanding year were 4500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share Na's tax rate is 50% Compute Nash's 2017 diluted earnings per share. (Round answer to 2 decimal places.. 3.55.) Diluted earnings per shares Click if you would like to...
Smith & Sons reported net income of $1,620,000. At year end, the company had the following securities outstanding: 300,000 shares of common stock selling at $30 per share 40,000 shares of convertible preferred stock, exchangeable for 60,000 shares of common stock What is the company’s diluted earnings per share?
A company reported the following: Net income 270,000 Preferred Dividends 10,000 Shares of common stock outstanding 20,000 Market price per share of common stock 36.40 Calculate the company's price-earnings ratio. Round your answer to one decimal place.