15.The following information pertains to Diane Company. Assume
that all balance sheet amounts represent both average and ending
balance figures and that all sales were on credit. Use this
information to answer the question that follow.
Assets | ||
Cash and short-term investments | $ 30,000 | |
Accounts receivable (net) | 20,000 | |
Inventory | 15,000 | |
Property, plant, and equipment | 185,000 | |
Total assets | $250,000 |
Liabilities and Stockholders' Equity | |||
Current liabilities | $ 45,000 | ||
Long-term liabilities | 70,000 | ||
Stockholders' equity—Common | 135,000 | ||
Total liabilities and stockholders' equity | $250,000 |
Income Statement | ||
Sales | $85,000 | |
Cost of goods sold | 45,000 | |
Gross margin | $40,000 | |
Operating expenses | (15,000) | |
Interest expenses | (5,000) | |
Net income | $20,000 |
Number of shares of common stock outstanding | 6,000 |
Market price of common stock | $20 |
Total dividends paid | $9,000 |
Cash provided by operations | $30,000 |
Using the data provided for Diane Company, what is the dividend
yield?
Dividend per share = 9000/6000= $1.5 | |||||||
Dividend yield = Dividend per share/Market price of common stock = 1.5/20= 7.5% | |||||||
15.The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average...
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on cred Assets Cash and short-term investments $ 30,000 Accounts receivable (net) 20.000 15,000 Inventory Property, plant, and equipment Total assets 185.000 $250,000 Liabilities and Stockholders' Equity Current liabilities $ 45,000 Long-term liabilities 70.000 135.000 Stockholders' equity-Common Total liabilities and stockholders' equity $250.000 Income Statement Sales $85,000 Cost of goods sold 45.000 $40,000 Gross margin...
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that al sales were on credit. Use this information to answer the question that follow Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Tot assets $ 30,000 20,000 15.000 000 $250,000 Lalities and Stockholders' Equity Currentlablities Long term liblibes Stockholders oily Common Total be d stockholders equity $ 45.000 70,000 135,000 $250,000 Income Statement...
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