Answer - PE ratio = 10 times
If the solution helped, please give it a thumbs up. Thank you.
Longview corporation has a stock price of $60 has issued 1 million shares of stock has...
Wildhorse Corporation has 11.80 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 82 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. How would the entries differ if the dividend were a liquidating dividend?
1) The number of shares of stock a corporation sells to investors are a. Authorizes shares b. Issued shares c. Treasury shares d. Outstanding shares 2) A corporation issued 20 shares of common stock with $1 par value for $5 per share. The amount of cash the company generated By issuing the common stock was a. $5 b. $20 c. $80 d. $100 3) The declaration of a cash dividend a. Increases cash b. Decreases cash c. Increase retained earnings...
1) The number of shares of stock a corporation sells to investors are a) Authorized shares b) Issued shared c) Treasury shares d) Outstanding shares 2) A corporation issued 20 shares of common stock with a $ 1 par value for $5 per share. The amount of cash the company generated by issuing the common stock was a) $5 b) $20 c) $80 d) $100 3) The declaration of a cash dividend A) Increases cash b) Decreases cash c) Increases...
ll Gas Corporation has annual income of $5 million and has 1
million shares of stock outstanding. The company has no expansion
opportunities, and depreciation equals the replacement cost
necessary to maintain the current level of output, so income is
available to distribute as dividends and is expected to continue
indefinitely. Dividends are paid annually and the last dividend was
just paid. Similar investments pay a rate of return of 10
percent.
A new investment opportunity arises for the company....
Culver Corporation has 11.90 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 85 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the...
Teal Corporation has 11.20 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 75 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the...
On December 31, 2023, Berclair Incorporated had 420 million shares of common stock and 15 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.On March 1, 2024, Berclair purchased 96 million shares of its common stock as treasury stock.Berclair issued a 5% common stock dividend on July 1, 2024.Four million treasury shares were sold on October 1.Net income for the year ended December 31, 2024, was $750 million.Also outstanding at December 31 were 63 million incentive...
1. Swifty Corporation issued 309 shares of $10 par value common stock and 141 shares of $50 par value preferred stock for a lump sum of $18,252. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance 2. Oriole Corporation issued 530 shares of $100 par value preferred stock for $64,400. Prepare Oriole’s journal entry. 3. The common stock...
Cullumber Corporation has 12.50 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 76 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,230,000 in the current year. The company is considering the issuance of 2 million additional shares which can only be issued at $37 per share. a. Assume the Hamilton Corporation can earn 9.00 percent on the proceeds. Calculate the earnings per share.