Allison & Company and Bee, Incorporated, reported the following numbers (in millions except for per share price) for fiscal year 2021. Allison & Company Bee, Incorporated $227.24 57.23 $38.26 $969.48 Net income Shares outstanding Stock price Total equity $ 605.70 87,18 $93.59 $1,748.30 Calculate the earnings per share, market-to-book ratio, and price-earnings ratio for each company. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Earnings per share Market-to-book ratio Price-earnings ratio Allison & Company times times Bee, Incorporated times times 4

Allison & Company and Bee, Incorporated, reported the following numbers (in millions except for per share price) for fiscal year 2021. Allison & Company Bee, Incorporated $227.24 57.23 $38.26 $969.48 Net income Shares outstanding Stock price Total equity $ 605.70 87,18 $93.59 $1,748.30 Calculate the earnings per share, market-to-book ratio, and price-earnings ratio for each company. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Earnings per share Market-to-book ratio Price-earnings ratio Allison & Company times times Bee, Incorporated times times 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The following financial information is available for Sheridan Ltd. as at December 31 (in thousands,…

A: Profit available to common stock holders= Profit- Preference dividend EPS= Profit available to…

Q: ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the loon…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Required Information [The following informetion apples to the questions displeyed below] Selected…

A: Earnings per share = (Net income - preferred dividend)/average shares outstanding 2021 =…

Q: The following data is available for the years ended 2020 and 2021 for Bunting Company.…

A: Market Ratios: The financial measurements used to assess the value of the stocks of publicly listed…

Q: 27. The shareholders' equity section of Ball Company's comparative balance sheets for the years…

A: Income statement provide summary of all revenues and expenses.It provides true profit of the company…

Q: Calculate EPS reported before stock split and stock dividend During the fiscal year ended September…

A: We have to calculate the originally reported earnings per share before stock split and stock…

Q: Bonita Industries had the following information in its financial statements for the years ended 2020…

A: The payout ratio is calculated by dividing the cash dividend by the net income and multiplying by…

Q: The following information relates to SE11-8 through SE11-10: Evans & Sons, Inc., disclosed the…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: SW Company provides the Equity & Liability information below for analysis. SW Company had net and…

A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…

Q: The balance sheet of Investtech Inc. at December 31, 2019, reported 2,000,000 com- mon shares…

A: Stockholder's Equity -Stockholder's Equity is a part of Balance Sheet. This section includes…

Q: HOPE Corporation was organized in 2018 to operate a manufacturing business. The following…

A: SOLUTION- SHARE PREMIUM AMOUNT REPRESENTS THE DIFFERENCE BETWEEN THE PAR VALUE AND SUBSCRIBED OR…

Q: andley Inc. had 30,700 common shares on January 1, 2021. On May 1, 2,640 common shares were…

A: Common shares issued = Beginning common shares - Shares retired + Shares issued

Q: Sheffield Corp. had the following information in its financial statements for the year ended 2020…

A: Payout Ratio - This ratio shows the amount of dividend paid out from net income.

Q: On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity…

A: Book value per share refers to the net worth of the business divided by the Number of shares…

Q: Phelps, Incorporated had assets of $67,646, llabilities of $15,466, and 10,718 shares of outstanding…

A: Ratio Analysis :— Ratio analysis is the process of Determination and interpreting numerical…

Q: 1. How much is the TOTAL share premium? 2. How much is the TOTAL treasury share capital? 3. How…

A: Treasury shareThe company issues shares to the public to raise capital and funds. When a company…

Q: Shareholders’ Equity ($ in millions) Common stock, 70 million shares at $1 par $ 70 Paid-in…

A: Weighted average method : Total treasury stock = 1 million + 2 million = 3 Million Total cost =…

Q: Current Attempt in Progress At December 31, 2021, Marigold Company had 451000 shares of common stock…

A: EARNINGS PER SHAREEarnings per share refers to the amount of earnings that is distributed by the…

Q: AIM Inc. showed the following equity account balances on the December 31, 2019, balance sheet:…

A: Retained Earnings- Any company's net profit left over after dividend payments to shareholders is…

Q: Walker Ltd. had the following share transactions in 2021: Event Shares Opening balance, common…

A: The weighted average number of common shares outstanding is calculated on the basis of the duration…

Q: ABC Co. was organized on January 1, 2019, with an authorization of 1.200.000 ordinary shares with a…

A: Share premium on ordinary shares issued = No. of shares issued x (Issue price per share - par value…

Q: Below is a company’s stock quote on March 1, 2021: Name Close Net Chg Div…

A: P/E ratio means price earnings ratio. It is calculated by following formula:- P/E ratio = MPSEPS…

Question

Allison & Company and Bee, Incorporated, reported the following numbers (in millions except for per share price) for fiscal year 2021. \table[[Allison & Company,Dee, Incorporated,], [Shares outstanding,S605.70, S227.24

Allison & Company and Bee, Incorporated, reported the following numbers (in millions except for per share price) for fiscal year 2021.
Allison & Company Bee, Incorporated.
$ 227.24
57.23
$ 38.26
$ 969.48
Net income
Shares outstanding
Stock price
Total equity
$ 605.70
87,18
$93.59
$ 1,748.30
Calculate the earnings per share, market-to-book ratio, and price-earnings ratio for each company.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Earnings per share
Market-to-book ratio
Price-earnings ratio
Allison & Company
times
times
Bee, Incorporated
times
times

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction to Financial ratios

VIEW

Step 2: Computation of EPS

VIEW

Step 3: Computation of Market to book ratio

VIEW

Step 4: Computation of Price Earning ratio

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
The following data is available for Sheffield Service Corporation at December 31, 2020: Common stock, par $10 (authorized 100000 shares) Treasury Stock (at cost $15 per share) $413000 O 41300 O 50000 O 37700 O 48200 54000 Based on the data, how many shares of common stock are outstanding?
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,843 $ 10,934 Net income $ 280 $ 798 Stockholders' equity $ 1,710 $ 2,290 Average Shares outstanding (in millions) 665 - Dividends per share $ 0.38 - Stock price $ 8.50 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
An excerpt from the financial records of Windle Inc. (Windle) at December 31, 2019, was as follows: Preferred shares, Series A, $5, cumulative, 60,000 shares issued and outstanding $ 6,000,000 Preferred shares, Series B, $6.50, non-cumulative, 40,000 shares issued and outstanding $ 4,000,000 Common shares, 1,800,000 shares issued and outstanding $25,400,000 The following common share transactions took place in 2020: April 1: Windle issued 200,000 common August 31: Windle repurchased and cancelled 60,000 common October 31: Windle issued 100,000 common shares. Additional information: Windle’s net income for the year ended December 31, 2020, was $17,600,000. Dividends on preferred shares in arrears and for the current year were declared in full on December 15, 2020 (dividends on preferred shares were in arrears and had last been declared in full on December 15, 2018). Windle is subject to tax at a rate of 30%, and reports under Required: Calculate Windle’s…
The following data is available for Crane Corporation at December 31, 2025: Common stock, par $10 (authorized 31500 shares) $283500 Treasury stock (at cost $15 per share) $1080 Based on the data, how many shares of common stock are issued? O 28278. O 31428. O 31500. O 28350.
Below is the financial data for Arla Inc. for the year ended December 31, 2020: Market price per share... Net Income...... $150.00 $1,750,000 Preferred Dividends declared... $75,000 Average # of common shares....... Dividends per share...... Average common shareholders' equity..... Total assets..... Total Liabilities... Accumulated Other Comprehensive Income..... 100,000 $2.50 10,000,000 $22,500,000 $11,675,000 $185,000 Instructions Calculate the Return on shareholders' equity (use up to 2 decimal places and do not include a % sign)
The following information is available for Splish Brothers Inc. and Novak Corp.: Splish Brothers Inc. Novak Corp. (in millions) 2022 2021 2022 2021 Preferred dividends 22 9 27 Net income 545 475 515 565 Shares outstanding at the end of the 215 175 160 195 year Shares outstanding at the beginning of 175 160 195 215 the year Based on this information, what is the amount of Splish Brothers Inc. earnings per share (rounded to two decimals) for 2022? O $ 1.50 O $ 1.34 O $ 2.94 O $ 2.68
Required: How much is the Ordinary Share Capital at year end?* How much is the Preference Share Capital at year end?* How much is the TOTAL subscribed share capital (assuming subscriptions receivable is collectible on January 5, 2022)?*
The following financial information is available for Blossom Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $1,721 $1,854 $2,317 Preferred share dividends (total) $73 $43 $30 Weighted average number of common shares 437 435 436 Dividends per common share $2.50 $2.25 $2.10 Market price per common share $43.00 $49.75 $56.25 (a)Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years. 2021 2020 2019 Earnings per share (Round answer to 2 decimal places, e.g. 5.25.) $enter Earnings per share in dollars rounded to 2 decimal places $enter Earnings per share in dollars rounded to 2 decimal places $enter Earnings per share in dollars rounded to 2 decimal places Price-earnings ratio (Round answer to 1 decimal place, e.g. 15.5.) enter Price-earnings ratio in times rounded to 1…
The following information is available for Sheffield Corp.: January 1, 2021 Shares outstanding4060000 April 1, 2021 Shares issued643000July 1, 2021 Treasury shares purchased223000 October 1, 2021 Shares issued in a 100% stock dividend4480000 The number of shares to be used in computing earnings per common share for 2021 is A. 8901500.B. 5601500.C. 9183100.D. 8861500.
3. How much is the TOTAL subscribed share capital (assuming subscriptions receivable is collectible on January 5, 2022)? 4. How much is the TOTAL share premium?