Homework Answers
| number of shares to be bought | amount to be invested/closing price | 15000/21.81 | 688 | |
| annual dividend income from these shares | dividend per share*number of shares | 0.92*688 | 632.96 | |
| Earning per share | PE ratio = market price/EPS | EPS = market price/PE ratio | 21.81/9.82 | 2.2209776 |
| price before day before listing | closing price -change in price | 21.81-0.14 | 21.67 |
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Problem 2-10 Refer to Eigure 2and look at the listing for Gap. a. How many shares...
Refer to Figure 2.8 and look at the listing for GATX. a. How many shares could...
Refer to Figure 2.8 and look at the listing for GATX. a. How many shares could you buy for $20,000? (Round down your answer to the nearest whole number.) Number of shares b. What would be your annual dividend income from those shares? (Round your answer to 2 decimal places.) Annual dividend income c. What must be GATX's earnings per share? (Round your answer to 2 decimal places.) Earnings per share YTD% P/E CHG 9.82 -11.70 3 5.74 95.91 GATX...
Refer to Figure 2.8 and look at the listing for General Dynamics. a. How many shares...
Refer to Figure 2.8 and look at the listing for General
Dynamics.
a. How many shares could you buy for
$20,000? (Round down your answer to the nearest whole
number.)
b. What would be your annual dividend income
from those shares
c. What must General Dynamic's earning per share?
YTD% DN YIELD P/E CHG 21.81 0.14 4,948,832 40.64 21.11 0.92 4.22 9.82 -11.70 46.33 5.74 52 WK 52 WK NAME Gap Gartner GATX Gazit-Globe GCP Applied Technologies Genco Shipping&Trading Gener8...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of conv...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2018 XYZ paid the regular annual dividend on the preferred and common stock. Net...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock...
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...
Riverbed Corporation reported net income of $259,140 in 2020 and had 52,100 shares of common stock...
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
$
On January 1, 2020, Wildhorse Ltd. had 648,000 common shares outstanding. During 2020, it had the...
On January 1, 2020, Wildhorse Ltd. had 648,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 181,000 shares. Mar. 1 Issued a 18% stock dividend. May 1 Acquired 210,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 76,000 shares. The company’s year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to...
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the...
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 154,000 shares. Mar. 1 Issued a 20% stock dividend. May 1 Acquired 174,000 common shares and retired them. June 1 Issued a 2-for-1 stock split. Oct. 1 Issued 43,000 shares. The company’s year end is December 31. Part 1 Incorrect answer iconYour answer is incorrect. Determine the weighted average number of shares outstanding...
On January 1, 2021, Larkspur Corp. had 463,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Larkspur Corp. had 463,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 118,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 63,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding enter...
1) Your client buys 10 shares of stock at time 0 for $49 per share. At...
1) Your client buys 10 shares of stock at time 0 for $49 per share. At time 1, he receives a dividend of $3 per share, and buys another 10 shares at the new price of $50 per share. At time 2, he receives a dividend of $3 per share, and sells his entire holding of stock for $58 per share. What was the client's money-weighted (dollar-weighted) annual return on this position? Enter answer as a percentage, accurate to two...
Brief Exercise 16-14 Nash Corporation reported net income of $213,860 in 2017 and had 53,00 shares...
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...
Refer to Figure 2.8 and look at the listing for GATX. a. How many shares could you buy for $20,000? (Round down your answer to the nearest whole number.) Number of shares b. What would be your annual dividend income from those shares? (Round your answer to 2 decimal places.) Annual dividend income c. What must be GATX's earnings per share? (Round your answer to 2 decimal places.) Earnings per share YTD% P/E CHG 9.82 -11.70 3 5.74 95.91 GATX...
Refer to Figure 2.8 and look at the listing for General
Dynamics.
a. How many shares could you buy for
$20,000? (Round down your answer to the nearest whole
number.)
b. What would be your annual dividend income
from those shares
c. What must General Dynamic's earning per share?
YTD% DN YIELD P/E CHG 21.81 0.14 4,948,832 40.64 21.11 0.92 4.22 9.82 -11.70 46.33 5.74 52 WK 52 WK NAME Gap Gartner GATX Gazit-Globe GCP Applied Technologies Genco Shipping&Trading Gener8...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2018 XYZ paid the regular annual dividend on the preferred and common stock. Net...
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...
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...
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