Homework Answers
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Price earnings ratio = Market price per share/Earnings per share = 93/3 = 31 |
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Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet data: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet data: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet data: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). - eBook Tncome statement datat Net sales Cost of goods sold Operating expenses Not nec Balance sheet datat Average total equity Average total assets $1,230 $ 520 $ 440 $ 390 $2.400 $4.000 Supreme reported earnings per share for the year of $4...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions...
The financial statements of Friendly Fashions include the
following selected data (in millions): ($ in millions except share
data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778
Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in
millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -
Required: Calculate the following ratios for Friendly Fashions in
2021. (Enter your Dividend yield and Price-earning ratio values to
2 decimal places. Enter your...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $8,543 $ 190 $1,800 700 $ 0.44 $ 7.90 2020 $9,634 $ 668 $2,200 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions except share data) Sales Set income Stockholders' equity Average shares outstanding (in millions) Dividenda per share Stock price 2021 $8,043 $ 140 $1,750 2020 $9,134 $ 618 $2,250 725 $ 0.31 $ 8.90 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (.e. 5,500,000 should be...
The following data are taken from the financial statements of Sandhill Co. as of the end...
The following data are taken from the financial statements of Sandhill Co. as of the end of the year 2022. The data are in alphabetical order. $54,280 Accounts payable Accounts receivable Cash $35,000 74,000 Net income Other current liabilities Salaries and wages payable Total assets Total liabilities 16,300 5,700 25,180 260,000 Gross profit Income before income taxes 165,000 60,100 171,600 Additional information: The average common shares outstanding during the year was 46,000. Compute the following: (Round current ratio and earnings...
Financial information for Forever 18 includes the following selected data: ($ in millions except share data)...
Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 141 $ 27 300 $11.62 2020 $ 105 $ 22 250 $10.57 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? Ο Νο...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value): (Click the icon to view the account information.) Requirement 1. Net income has already been closed to Retained Earnings. Prepare the stockholders' equity section of Mountainpeak's balance sheet. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Enter all amounts as they are shown in the data table. Enter dollar amounts,...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). - eBook Tncome statement datat Net sales Cost of goods sold Operating expenses Not nec Balance sheet datat Average total equity Average total assets $1,230 $ 520 $ 440 $ 390 $2.400 $4.000 Supreme reported earnings per share for the year of $4...
The financial statements of Friendly Fashions include the
following selected data (in millions): ($ in millions except share
data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778
Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in
millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -
Required: Calculate the following ratios for Friendly Fashions in
2021. (Enter your Dividend yield and Price-earning ratio values to
2 decimal places. Enter your...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $8,543 $ 190 $1,800 700 $ 0.44 $ 7.90 2020 $9,634 $ 668 $2,200 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions except share data) Sales Set income Stockholders' equity Average shares outstanding (in millions) Dividenda per share Stock price 2021 $8,043 $ 140 $1,750 2020 $9,134 $ 618 $2,250 725 $ 0.31 $ 8.90 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (.e. 5,500,000 should be...
The following data are taken from the financial statements of Sandhill Co. as of the end of the year 2022. The data are in alphabetical order. $54,280 Accounts payable Accounts receivable Cash $35,000 74,000 Net income Other current liabilities Salaries and wages payable Total assets Total liabilities 16,300 5,700 25,180 260,000 Gross profit Income before income taxes 165,000 60,100 171,600 Additional information: The average common shares outstanding during the year was 46,000. Compute the following: (Round current ratio and earnings...
Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 141 $ 27 300 $11.62 2020 $ 105 $ 22 250 $10.57 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? Ο Νο...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value): (Click the icon to view the account information.) Requirement 1. Net income has already been closed to Retained Earnings. Prepare the stockholders' equity section of Mountainpeak's balance sheet. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Enter all amounts as they are shown in the data table. Enter dollar amounts,...
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