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Check my work The Carlton Corporation has $5 million in earnings after taxes and 2 million...
The Carlton Corporation has $6 million in earnings after taxes and 1 million shares outstanding. The...
The Carlton Corporation has $6 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E of 15. The firm has $3 million in excess cash. a. Compute the current price of the stock. (Do not round intermediate calculations and round your answer to 2 decimal places.) b. If the $3 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to...
.com/hm.tpx 8. 1000 value 10.00 points Problem 18-21 Cash dividend versus stock repurchase [LO18-5) The Carlton...
.com/hm.tpx 8. 1000 value 10.00 points Problem 18-21 Cash dividend versus stock repurchase [LO18-5) The Carlton Corporation has $6 million in earnings after tax cash es and 3 milion shares outstanding. The stock trades at a P/E of 10. The firm has $2 million in excess a. Compute the current price of the stock. ( Do not round intermediate calculations and round your answer to 2 decimal places.) price b. f the $2 million is used to pay dividends, how...
Newkirk, Inc., is an unlevered firm with expected annual earnings before taxes of $22.7 million in...
Newkirk, Inc., is an unlevered firm with expected annual earnings before taxes of $22.7 million in perpetuity. The current required return on the firm's equity is 15 percent, and the firm distributes all of its earnings as dividends at the end of each year. The company has 1.47 million shares of common stock outstanding and is subject to a corporate tax rate of 40 percent. The firm is planning a recapitalization under which it will issue $31.7 million of perpetual...
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million....
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million. Myers also has warrants outstanding that allow the holder to buy 100,000 shares of stock at $20 per share. The stock is currently selling for $50 per share. a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic earnings per share b. Compute diluted earnings per share considering the possible impact of the warrants....
Cheer, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and...
Cheer, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sells for $30 per share, but the book value per share is $45. Net income for Teardrop is currently $3.3 million. The new facility will cost $30 million and will increase net income by $600,000. The par value of the stock is $1 per share. Assume a constant price-earnings ratio. a-1. Calculate the new book value per share. Assume the...
5. Botox Facial Care had earnings after taxes of $284,000 in 20X1 with 200,000 shares of...
5. Botox Facial Care had earnings after taxes of $284,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $45.80. In 20X2, earnings after taxes increased to $350,000 with the same 200,000 shares outstanding. The stock price was $56.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.)(Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, earnings after taxes increased to $418,000 with the same 200,000 shares outstanding. The stock price was $94.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, eamings after taxes increased to S418,000 with the same 200,000 shares outstanding. The stock price was $94.00 a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
i que sur le previous attempt Problem 2-5 Botox Facial Care had earnings after taxes of...
i que sur le previous attempt Problem 2-5 Botox Facial Care had earnings after taxes of $370,000 in 20XX with 200,000 shares of stock outstanding. The share price was $31.50. In 20XY, earnings after taxes increased to $436,000 with the same 200,000 shares outstanding. The share price rose to $42.50 a. Compute earnings per share and the P/E ratio for 20XX. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times...
.com/hm.tpx 8. 1000 value 10.00 points Problem 18-21 Cash dividend versus stock repurchase [LO18-5) The Carlton Corporation has $6 million in earnings after tax cash es and 3 milion shares outstanding. The stock trades at a P/E of 10. The firm has $2 million in excess a. Compute the current price of the stock. ( Do not round intermediate calculations and round your answer to 2 decimal places.) price b. f the $2 million is used to pay dividends, how...
Newkirk, Inc., is an unlevered firm with expected annual earnings before taxes of $22.7 million in perpetuity. The current required return on the firm's equity is 15 percent, and the firm distributes all of its earnings as dividends at the end of each year. The company has 1.47 million shares of common stock outstanding and is subject to a corporate tax rate of 40 percent. The firm is planning a recapitalization under which it will issue $31.7 million of perpetual...
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million. Myers also has warrants outstanding that allow the holder to buy 100,000 shares of stock at $20 per share. The stock is currently selling for $50 per share. a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic earnings per share b. Compute diluted earnings per share considering the possible impact of the warrants....
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, earnings after taxes increased to $418,000 with the same 200,000 shares outstanding. The stock price was $94.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, eamings after taxes increased to S418,000 with the same 200,000 shares outstanding. The stock price was $94.00 a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
i que sur le previous attempt Problem 2-5 Botox Facial Care had earnings after taxes of $370,000 in 20XX with 200,000 shares of stock outstanding. The share price was $31.50. In 20XY, earnings after taxes increased to $436,000 with the same 200,000 shares outstanding. The share price rose to $42.50 a. Compute earnings per share and the P/E ratio for 20XX. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times...
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