Banner Co had a P/E ratio of 11.1 for year ended 2009. Its EPS were $2.90,...
Banner Co had a P/E ratio of 11.1 for year ended 2009. Its EPS were $2.90, what was Banner Co’s MarketPrice per share of common stock?
Homework Answers
P/E ratio is equal to=market price/EPS
market price=11.1*2.90
which is equal to
=$32.19
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Banner Co had a P/E ratio of 11.1 for year ended 2009. Its EPS
were $2.90,...
Global Warning's EPS for the current year is $2.75 and its current P/E ratio is 50....
Global Warning's EPS for the current year is $2.75 and its current P/E ratio is 50. You have forecasted that EPS will grow by 10% but the P/E ratio will fall to 40. What do you expect the price of a share of GW's stock to be at the end of next year? O $110 C $121 r $137.50 $151.25
For the year ended December 31, 2020, Joey Co. reported Net Income of $1,600,000. At January...
For the year ended December 31, 2020, Joey Co. reported Net Income of $1,600,000. At January 1, 2020 the company had 900,000 shares of common stock outstanding. Joey Co. also had $1,000,000 of 6% cumulative preferred stock. No preferred dividends were paid in 2020 and the preferred stock is non-convertible. The following changes in the number of shares occurred during 2020: April 1: Sold 60,000 shares of common stock. May 31: Declared and Distributed a 20% Stock Dividend July 1:...
For the year ended December 31, 2020, Joey Co. reported Net Income of $1,600,000. At January...
For the year ended December 31, 2020, Joey Co. reported Net Income of $1,600,000. At January 1, 2020 the company had 900,000 shares of common stock outstanding. Joey Co. also had $1,000,000 of 6% cumulative preferred stock. No preferred dividends were paid in 2020 and the preferred stock is non-convertible. The following changes in the number of shares occurred during 2020: April 1: Sold 60,000 shares of common stock. May 31: Declared and Distributed a 20% Stock Dividend July 1: ...
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended...
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its annual report for 2020, the company reported earnings per share for the year ended June 30, 2019, on a restated basis, of $1.05. Required: Calculate the originally reported earnings per share by Jones Co, for the vil June 30, 2019.
EPS, P/E Ratio, and Dividend Ratios The Stockholders' Equity section of the balance sheet for Kotsis...
EPS, P/E Ratio, and Dividend Ratios The Stockholders' Equity section of the balance sheet for Kotsis Industries at the end of 2017 appears as follows: 89%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding $5,000,000 Additional paid in capital on preferred 2.500,000 Common stock, $5 par, 500,000 shares authorized, 400,000 shares 2,000,000 issued and outstanding Additional paid in capital on common 18,000,000 Retained earnings 37.500.000 Total stockholders' equity $65,000,000 Net income for the year was...
EPS Junkyard Arts, Inc., had earnings of $317,700 for the year. The company had 34,000 shares...
EPS Junkyard Arts, Inc., had earnings of $317,700 for the year. The company had 34,000 shares of common stock outstanding during the year and issued 4,100 shares of $100 par value preferred stock. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. $per share
EPS Junkyard Arts, Inc., had earnings of $161,700 for the year. The company had 28,000 shares...
EPS Junkyard Arts, Inc., had earnings of $161,700 for the year. The company had 28,000 shares of common stock outstanding during the year and issued 2,100 shares of $50 par value preferred stock. The preferred stock has a dividend of $5 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. $per share
EPS Junkyard Arts, Inc., had earnings of $386,000 for the year. The company had 46,000 shares...
EPS Junkyard Arts, Inc., had earnings of $386,000 for the year. The company had 46,000 shares of common stock outstanding during the year and issued 4,100 shares of $100 par value preferred stock. The preferred stock has a dividend of $10 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
EPS Junkyard Arts, Inc., had earnings af $195,20o for the year. The company had 22,000 shares...
EPS Junkyard Arts, Inc., had earnings af $195,20o for the year. The company had 22,000 shares of common stock outstanding during the year and issued 3,600 shares of $50 par value preferred stock. The preferred stack has a dividend of $9 per share. either common or preferred stack during the year. There were transactions Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
Calculate EPS reported before stock split and stock dividend - During the fiscal year ended September...
Calculate EPS reported before stock split and stock dividend - During the fiscal year ended September 30, 2017, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2017, the company reported earnings per share for the year ended September 30, 2016, on a restated basis, of $1.20 Required: Calculate the originally reported earnings per share for the year ended September 30, 2016.
Global Warning's EPS for the current year is $2.75 and its current P/E ratio is 50. You have forecasted that EPS will grow by 10% but the P/E ratio will fall to 40. What do you expect the price of a share of GW's stock to be at the end of next year? O $110 C $121 r $137.50 $151.25
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its annual report for 2020, the company reported earnings per share for the year ended June 30, 2019, on a restated basis, of $1.05. Required: Calculate the originally reported earnings per share by Jones Co, for the vil June 30, 2019.
EPS, P/E Ratio, and Dividend Ratios The Stockholders' Equity section of the balance sheet for Kotsis Industries at the end of 2017 appears as follows: 89%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding $5,000,000 Additional paid in capital on preferred 2.500,000 Common stock, $5 par, 500,000 shares authorized, 400,000 shares 2,000,000 issued and outstanding Additional paid in capital on common 18,000,000 Retained earnings 37.500.000 Total stockholders' equity $65,000,000 Net income for the year was...
EPS Junkyard Arts, Inc., had earnings of $386,000 for the year. The company had 46,000 shares of common stock outstanding during the year and issued 4,100 shares of $100 par value preferred stock. The preferred stock has a dividend of $10 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
EPS Junkyard Arts, Inc., had earnings af $195,20o for the year. The company had 22,000 shares of common stock outstanding during the year and issued 3,600 shares of $50 par value preferred stock. The preferred stack has a dividend of $9 per share. either common or preferred stack during the year. There were transactions Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share
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