Bright View Corporation reported a net income of $4,500,000 last year. The dividend on common stock was $3.00 per share, and the dividend on preferred stock was $2.50 per share. The market price of common stock at the end of the year was $60.00 per share. Throughout the year, 600,000 shares of common stock and 150,000 shares of preferred stock were outstanding. What is the price-earnings ratio? A. 8.00 B. 7.11 C. 8.73 D. 7.89

Bright View Corporation reported a net income of $4,500,000 last year. The dividend on common stock was $3.00 per share, and the dividend on preferred stock was $2.50 per share. The market price of common stock at the end of the year was $60.00 per share. Throughout the year, 600,000 shares of common stock and 150,000 shares of preferred stock were outstanding. What is the price-earnings ratio? A. 8.00 B. 7.11 C. 8.73 D. 7.89

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?
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Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income, 13,000 Preferred dividends declared, 4,000 Weighted average common shares for the year, 4,500
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General Accounting
ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. What is the price/earnings ratio? a. .11 b . .33 c. 9 d. 6.67