The annual report of Dennis Industries cited these primary earnings per common share for the past...
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.42, $1.03, $2.08, $4.19, and $6.84. If we assume these are population values.
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What is the arithmetic mean primary earnings per share of common stock? (Round your answer to 2 decimal places.)
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B. What is the variance? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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The annual report of
Dennis Industries cited these primary earnings per common share for
the past...
The annual report of Dennis Industries cited these primary earnings per common share for the past...
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.49, $1.04, $2.33, $4.68, and $3.47. a. What is the arithmetic mean primary earnings per share of common stock? (Round your answer to 2 decimal places.) b. What is the variance? (Do not round intermediate calculations and round your answer to 2 decimal places.)
The following table gives Foust Company's earnings per share for the last 10 years. The common...
The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.2 million shares outstanding, is now (1/1/20) selling for $74.00 per share. The expected dividend at the end of the current year (12/31/20) is 45% of the 2019 EPS. Because investors expect past trends to continue, a may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.) Year EPS Year...
The table below reports the earnings per share of common stock for Home Depot Inc. for...
The table below reports the earnings per share of common stock for Home Depot Inc. for 2003 through 2015. Year Earnings per Share 2003 $ 1.65 2004 1.95 2005 2.35 2006 2.73 2007 2.87 2008 2.42 2009 1.41 2010 1.60 2011 2.10 2012 2.52 2013 3.81 2014 7.14 2015 9.67 Click here for the Excel Data File Develop an index, with 2003 as the base, for earnings per share for years 2004 through 2015. (Round your answers to 1 decimal...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements,...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $12 million, liabilities of $8 million, after-tax earnings of $3 million, and 833,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) Earnings per share (b) Assume a share of Bozo Oil's common stock has a market value of $40, what is the firm's...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements,...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, Habilities of $6 million, after-tax earnings of $2 million, and 820,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) Doints Earnings per share (b) Assume a share of Bozo Oil's common stock has a market value of $40, what is the...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
Consolidated Earnings Per Share
Bravo, Inc., owns all of the stock of Echo, Inc. For 2021, Bravo reports income (exclusive of any investment income) of $480,000. Bravo has 80,000 shares of common stock outstanding. It also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. Echo reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. Echo also has a liability from its 10,000, $100 bonds that pay annual interest of $8 per...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
Suppose Stark Ltd. just issued a dividend of $2.79 per share on its common stock.
Suppose Stark Ltd. just issued a dividend of $2.79 per share on its common stock. The company paid dividends of $2.30, $2.53, $2.60, and $2.71 per share in the last four years. If the stock currently sells for $50, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What if you use the...
Suppose Stark, Ltd., just issued a dividend of $2.51 per share on its common stock. The...
Suppose Stark, Ltd., just issued a dividend of $2.51 per share on its common stock. The company paid dividends of $2.01, $2.17, $2.25, and $2.36 per share in the last four years. a. If the stock currently sells for $43, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b....
The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.2 million shares outstanding, is now (1/1/20) selling for $74.00 per share. The expected dividend at the end of the current year (12/31/20) is 45% of the 2019 EPS. Because investors expect past trends to continue, a may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.) Year EPS Year...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $12 million, liabilities of $8 million, after-tax earnings of $3 million, and 833,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) Earnings per share (b) Assume a share of Bozo Oil's common stock has a market value of $40, what is the firm's...
As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, Habilities of $6 million, after-tax earnings of $2 million, and 820,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) Doints Earnings per share (b) Assume a share of Bozo Oil's common stock has a market value of $40, what is the...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
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