Homework Answers
Payout ratio=Dividends/Net income
which is equal to
(50000/325,000)
which is equal to
=15.4%(Approx).
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uestions uestions saved Question 23 (1.66 points) 3 Bertram Corporation had net income of $325,000 and...
Sheridan Corporation had net income of $204000 and paid dividends to common stockholders of $41000 in...
Sheridan Corporation had net income of $204000 and paid dividends to common stockholders of $41000 in 2017. The weighted average number of shares outstanding in 2017 was 50000 shares. Sheridan Corporation's common stock is selling for $61.20 per share on the New York Stock Exchange. Sheridan Corporation's price-earnings ratio is
Story Corporation had net income of $300,000 in 2018. The weighted average number of shares outstanding...
Story Corporation had net income of $300,000 in 2018. The weighted average number of shares outstanding in 2018 was 100,000 shares. Donner Corporation's common stock is selling for $36 per share on the New York Stock Exchange. Story Corporation's price-earnings ratio is... O 10.0 times 12.0 times O 36.0 times 72.0 times
Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It...
Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $35 per share. The price-earnings ratio is a. 14 times b. 5 times c. 7 times d. 2 times
Consider the following data for a corporation: Net income
Consider the following data for a corporation: Net income $800,000 Preferred stock dividends $50,000 Market price per share of stock $25 Average common stockholders’ equity $4,000,000 Cash dividends declared on common stock $20,000 What is the payout ratio?
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of...
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of $500,000. It declared and paid preferred stock dividends of $180,000 and common stock dividends of $60,000. During 2017, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2017 earnings per share. Earnings Per Share = B. Norling Corporation reports the following information: Net income $850,000 Dividends on common stock $210,000 Dividends on preferred stock $ 90,000 Weighted average common shares outstanding...
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...
12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100....
12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100. It had 60,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $66 per share. The price-earnings ratio (rounded to two decimal places) is a.15.67 times 273, 6oo - 16,100/49,000 ERS b.15.97 times c.13.48 times PE 66/3.71 d.14.47 times
Question 22 3 pts Chodron Corporation had net credit sales of $13,000,000 and cost of goods...
Question 22 3 pts Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately 49 days. 261 days 35 days 122 days
Multiple Choice Question 105 Swifty Corporation had net income for 2018 of $591000. The average number...
Multiple Choice Question 105 Swifty Corporation had net income for 2018 of $591000. The average number of shares outstanding for the period was 196000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $35. What should Swity Corporation report for diluted earnings per share for the year ended 2018? (rounded to the nearest penny) $2.87 $2.98 $3.02...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
Story Corporation had net income of $300,000 in 2018. The weighted average number of shares outstanding in 2018 was 100,000 shares. Donner Corporation's common stock is selling for $36 per share on the New York Stock Exchange. Story Corporation's price-earnings ratio is... O 10.0 times 12.0 times O 36.0 times 72.0 times
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of $500,000. It declared and paid preferred stock dividends of $180,000 and common stock dividends of $60,000. During 2017, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2017 earnings per share. Earnings Per Share = B. Norling Corporation reports the following information: Net income $850,000 Dividends on common stock $210,000 Dividends on preferred stock $ 90,000 Weighted average common shares outstanding...
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...
12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100. It had 60,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $66 per share. The price-earnings ratio (rounded to two decimal places) is a.15.67 times 273, 6oo - 16,100/49,000 ERS b.15.97 times c.13.48 times PE 66/3.71 d.14.47 times
Question 22 3 pts Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately 49 days. 261 days 35 days 122 days
Multiple Choice Question 105 Swifty Corporation had net income for 2018 of $591000. The average number of shares outstanding for the period was 196000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $35. What should Swity Corporation report for diluted earnings per share for the year ended 2018? (rounded to the nearest penny) $2.87 $2.98 $3.02...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
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