The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net...
The following information was available for the year ended
December 31, 2019:
| Sales | $ | 500,000 | |
| Net income | 71,700 | ||
| Average total assets | 800,000 | ||
| Average total stockholders' equity | 375,000 | ||
| Dividends per share | 1.35 | ||
| Earnings per share | 3.00 | ||
| Market price per share at year-end | 28.20 | ||
Required:
- Calculate margin, turnover, and ROI for the year ended December 31, 2019.
- Calculate ROE for the year ended December 31, 2019.
- Calculate the price/earnings ratio for 2019.
- Calculate the dividend payout ratio for 2019.
- Calculate the dividend yield for 2019.
Homework Answers
a) Margin = Net income/Sales = 71700/500000 = 14.34%
Turnover = Sales/Average operating assets = 500000/800000 = 0.625
ROI = Net income/Average operating assets = 71700/800000 = 8.96%
b) ROE = 71700/375000 = 19.12%
c) Price earning ratio = MPS/EPS = 28.2/3 = 9.4
D) Dividend payout ratio = DPS/EPS = 1.35/3 = 45%
e) Dividend yield = DPS/MPS = 1.35/28.2 = 4.79%
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The following information was available for the year ended
December 31, 2019:
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500,000
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