Acme Company reports earnings per share of $1.20, a price - earningsratio of 12.50, and a dividend yield ratio of 12 %. Acme has an averageof 50,000 shares of common shares outstanding during the year. What isthe amount of dividends per share?Group of answer choices$2.40$2.10$1.80$2.70

Step-by-Step Calculation:Dividend Yield Formula: The dividend yield is given by the formula:Dividend…

Answered: Acme Company reports earnings per share…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,00 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. 20Y1 20Y2 $20,000 4,000 30,000 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share) $
Using the information below, compute DIVIDEND PAYOUT RATIO. Additional Paid-in Capital, Common $9,000 Accounts Payable 1,100 Total Expenses 7,800 Preferred Stock, at par 1,750 Common Stock, at par 400 Sales 10,000 Treasury Stock 250 Dividends 700 Retained Earnings (beginning) 1,000 Additional Paid-in Capital, Preflted 50 9.0% O 70.0% 7.0% 31.8% 45.6% The following Information has been collected regarding Big John Company:
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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 Net income $1,506,000 $50,000 80,000 shares 20Y5 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 20Y6 $ $2,545,500 $50,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Murray Company reports net income of $855,500 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 290,000 shares. Compute its basic earnings per share. Choose Numerator: 1 Basic Earnings Per Share Choose Denominator: Basic EPS Basic EPS 0 per share
Money Inc. announced annual earnings of $5,000,000. The company has 2,500,000 common stock shares outstanding. The benchmark PE multiple for the company is 12.8. Earnings are expected to increase 3.9% annually. What is the estimated current stock price? Group of answer choices $26.75 $32.00 $6.40 $25.60

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Acme Company reports earnings per share of $1.20, a price - earnings ratio of 12.50, and a dividend yield ratio of 12 %. Acme has an average of 50,000 shares of common shares outstanding during the year. What is the amount of dividends per share? Group of answer choices $2.40 $2.10 $1.80 $2.70