Question

Pippin Piping Co. manufactures decorative fabric trims. The companys financial statements follow. Pippin Piping Co. Comparat
2015 $25,800 127,000 80,700 10,000 243,500 576,000 $819,500 2014 $20,500 94,300 56,000 4,600 175,400 540,300 $715,700 Pippin
Additional information Closing stock price Shares outstanding Dividends paid per share 2016 $38 12,000 $1.32 2015 $35 12,000
10:07 PM Fri Nov 22 ... @ 22%D Chapter 12 Graded Assignment your instructor Attempts: 1 of 15 used (91) How does the market v
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Answer #1

The answers are as follows:

Earnings per share Price/Earnings Ratio Dividend Payout Ratio
2014                                    9.47                                          3.2 13.2%
2015                                    8.23                                          4.3 15.8%
2016                                    9.54                                          4.0 13.8%

Notes

The formulae to calculate different ratios are as follows:

Earnings per share = (Net Income - Preferred Dividends)/Weighted Average shares outstanding

Price/Earnings ratio = Market price per share/Earnings per share

Dividend payout ratio = Dividends per share/Earnings per share

A 386 Price/Earnings Ratio Dividend Payout Ratio 387 2014 388 2015 389 2016 390 Earnings per share =94680/10000 =98760/12000

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