Homework Answers
(1)
gross margin percentage = gross margin/sales
= $570000/1610000
= 35.4%
(2)
Earning per share = (net income - preference dividend)/weighted average number of common stockholders
= ($17000 - $0)/100000
= $0.17 per share
where,
Weighted average number of common stockholders = total common stock/par value per share
= $200000/$2 = 100000
(3)
Price-earning ratio = market price per share/earning per share
= $61/$9.92
= 6.1 times
(4)
market price per share is not given in the question posted.
formula: Dividend payout ratio = dividend per share/earning per share
(5)
market price per share is not given in the question posted.
Formula: Dividend yield ratio = dividend per share/market price per share
(6)
return on total assets(ROTA) = Earning before interest and taxes/average total assets
= $45000/{($2385000 + $2680000/2}
= 1.78%
(7)
return on equity = net income/average shareholders equity
= $17000/{($1605000 + $1600000)/2}
= 1.06%
(8)
Book value per share = (total stockholders equity - preferred stock)/number of common stock
= ($1605000 - 0)/100000
= $16.05 per share
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