Homework Answers
D. 39.42 times
| Price/earning ratio | = | Market Price Per Share | / | Earning Per Share |
| = | $50.00 | / | $1.27 | |
| = | 39.42 times | |||
| Working: | ||||
| Average common stock outstanding | = | (Beginning Number of outstanding common stock + Ending Number of outstanding common stock)/2 | ||
| = | (170000+240000)/2 | |||
| = | 2,05,000 | |||
| Earning Per Share | = | Net Income | / | Average common stock outstanding |
| = | $2,60,000 | / | 2,05,000 | |
| = | $1.27 |
Note:
Earning per share of common stock is calculated to find the income per share of common stock. Dividend to common stockholders is also earning to common stockholders. So, it is not reduced from net income while calculating earning per share.
Add Answer to:
e-Bay Inc. provides the following information for the year 2015: Net income $260,000 Market price per...
Partridge Inc. provides the following information for the year 2014: Net income Market price per share...
Partridge Inc. provides the following information for the year 2014: Net income Market price per share of common stock Dividends paid Common stock outstanding at Jan 1, 2015 Common stock outstanding at Dec 31, 2016 $31,200 $12.00/share $0.80/share 110,000 shares 150,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. O A. 1.67% OB. 4.67% OC. 6.67% OD. 3.67%
ignore my answerr please Partridge, Inc. provides the following information for 2017: Net income $37,000 Market...
ignore my answerr please
Partridge, Inc. provides the following information for 2017: Net income $37,000 Market price per share of common stock $17/share Dividends paid $0.96/share Common stock outstanding at Jan 1, 2017 150,000 shares Common stock outstanding at Dec 31, 2017 170,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.) O A. 1.35% OB. 5.59% C. 4.24% OD. 5.92%
lone star golf inc. provides the following information for 2018 Net income $380,000 Market price per...
lone star golf inc. provides the following information for 2018 Net income $380,000 Market price per share of common stock $60 per share Dividends paid to common stock holders 180,00 common stock outstanding at jan. 1 2018 170,00 shares common stock outstanding at dec 31 2018 220,00 shares There is NO preferred stock outstanding calculate the earnings per share for 2018:
QUESTION 62 2.94 points Manning Inc. has 6,000 shares of 5%, $100 par value, cumulative, nonparticipating...
QUESTION 62 2.94 points Manning Inc. has 6,000 shares of 5%, $100 par value, cumulative, nonparticipating preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2015. What is the annual dividend per share on the common stock if total dividends declared were $55,000 and there are no dividends in arrears? A. 5.50 per share OB. $1.10 per share OC. $1.00 per share OD. $1.50 per share
Nevada Corporation has 63,200 shares of $26 par stock outstanding that has a current market value...
Nevada Corporation has 63,200 shares of $26 par stock outstanding that has a current market value of $158. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa 821,600 Ob. 316,000 Oc. 63,200 Od. 252,800 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 98,000 shares of $10 par value common stock. During its first month of operation, the corporation issued 8,340 shares of stock at a price of $22...
the annual dedi Texas Inc. has 6,9 17 shares of 5% $100 par value armu atn...
the annual dedi Texas Inc. has 6,9 17 shares of 5% $100 par value armu atn e preferred stock and 99,213 shares of $1 par val e corn non stock outstanding at December 31 on the preferred stock? Oa. $50.00 per share Ob. $4,961 in total Oc.$34,585 in total Od. $6,917 in total what
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:...
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section: Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00 4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on common stock 240,000.00 390,000.00 6 Total contributed capital $602,000.00 7 Retained earnings 627,000.00 8 Accumulated other comprehensive income (loss): 9 Unrealized decrease in value of...
P/E AND STOCK PRICE Ferrell Inc. recently reported net income of $2 million. It has 260,000...
P/E AND STOCK PRICE Ferrell Inc. recently reported net income of $2 million. It has 260,000 shares of common stock, which currently trades at $23 a share. Ferrell continues to expand and anticipates that 1 year from now, its net income will be $3.1 million. Over the next year, it also anticipates issuing an additional 91,000 shares of stock so that 1 year from now it will have 351,000 shares of common stock. Assuming Ferrell's price/earnings ratio remains at its...
Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you will...
Record the following 2018 transctions for the Sears Corporation in the journal. Additional information you will need: when Sears began operations several years ago, they were authorized to issue 200,000 shares of 7%, $100 par value preferred stock and 6,000,000 shares of $4 par value common stock. Jan. 1 Issued 500,000 shares of common stock for cash at $11 per share. Feb. 2 Issued 30,000 shares of preferred stock for cash at $105 per share. Mar. 3 Declared a cash...
Partridge Inc. provides the following information for the year 2014: Net income Market price per share of common stock Dividends paid Common stock outstanding at Jan 1, 2015 Common stock outstanding at Dec 31, 2016 $31,200 $12.00/share $0.80/share 110,000 shares 150,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. O A. 1.67% OB. 4.67% OC. 6.67% OD. 3.67%
ignore my answerr please
Partridge, Inc. provides the following information for 2017: Net income $37,000 Market price per share of common stock $17/share Dividends paid $0.96/share Common stock outstanding at Jan 1, 2017 150,000 shares Common stock outstanding at Dec 31, 2017 170,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.) O A. 1.35% OB. 5.59% C. 4.24% OD. 5.92%
QUESTION 62 2.94 points Manning Inc. has 6,000 shares of 5%, $100 par value, cumulative, nonparticipating preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2015. What is the annual dividend per share on the common stock if total dividends declared were $55,000 and there are no dividends in arrears? A. 5.50 per share OB. $1.10 per share OC. $1.00 per share OD. $1.50 per share
Nevada Corporation has 63,200 shares of $26 par stock outstanding that has a current market value of $158. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa 821,600 Ob. 316,000 Oc. 63,200 Od. 252,800 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 98,000 shares of $10 par value common stock. During its first month of operation, the corporation issued 8,340 shares of stock at a price of $22...
the annual dedi Texas Inc. has 6,9 17 shares of 5% $100 par value armu atn e preferred stock and 99,213 shares of $1 par val e corn non stock outstanding at December 31 on the preferred stock? Oa. $50.00 per share Ob. $4,961 in total Oc.$34,585 in total Od. $6,917 in total what
P/E AND STOCK PRICE Ferrell Inc. recently reported net income of $2 million. It has 260,000 shares of common stock, which currently trades at $23 a share. Ferrell continues to expand and anticipates that 1 year from now, its net income will be $3.1 million. Over the next year, it also anticipates issuing an additional 91,000 shares of stock so that 1 year from now it will have 351,000 shares of common stock. Assuming Ferrell's price/earnings ratio remains at its...
Most questions answered within 3 hours.
-
Explain in detail (not just enumerate) each of Koch’s
postulates to determine the etiology of a...
asked 9 minutes ago -
Assume ABC Company has asked you to not only prepare their 2017
year-end Balance Sheet but...
asked 6 minutes ago -
You have just had a new set of tires put on your car, and now
the...
asked 12 minutes ago -
Please answer ASAP 2) Choose a point at random from the unit
square [0, 1] ×...
asked 26 minutes ago -
Draw the Lewis structures and determine which of these
molecules has a central atom that unavoidably...
asked 27 minutes ago -
Do we typically carry antibodies against the RH antigen in our
blood plasma?
asked 29 minutes ago -
What are the differences between an antibiotic, a semisynthetic,
and a synthetic as types of antimicrobials?
asked 25 minutes ago -
One mole of oxygen gas is at a pressure of 5.90 atm and a
temperature of...
asked 33 minutes ago -
The primary side of a transformer has 935 turns and is connected
to 118 Volts A/C....
asked 31 minutes ago -
This must be done in Java and it must contain a public static
void (string []args)...
asked 35 minutes ago -
An economy has a Cobb–Douglas production function:
Y=Kα(LE)1−αY=Kα(LE)1−α
The economy has a capital share of 0.30,...
asked 49 minutes ago -
60.0 mL of a silver chlorate solution with a concentration of
0.654 M is mixed with...
asked 54 minutes ago