Need answer the financial accounting question please answer do fast BYTE WAVE TECHNOLOGIES REPORTED THE FOLLOWINGFINANCIAL DATA FOR 2022:NET INCOME: $36,000NET SALES: $500,000AVERAGE SHARES OUTSTANDING: 8,000PREFERRED STOCK DIVIDENDS: $8,000WHAT WERE BYTE WAVE TECHNOLOGIES' EARNINGSPER SHARE (EPS) FOR 2022?

Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that indicates…

Answered: BYTE WAVE TECHNOLOGIES REPORTED THE…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 67BE

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Calculate the earnings per share (average of 418,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $2.31 per share Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1 decimal place, e.g. 2.5.) Price/earnings ratio ?
The following information was available for the year ended December 31, 2022 Dividende per share Earnings per share Market price per share at year and 1.35 Required: a. Calculate the price/earrings ratio for 2022. Note: Round your answer to 2 decimal places. b. Calculate the dividend payout ratio for 2022 Note: Round your percentage answer to 2 decimal places (La, 9.1234 should be entered as c. Calculate the dividend yield for 2022. Note: Round your percentage answer to 2 decimal places (.a., 0.1234 should be entered as 12.34) Price/Eaming ratio b. Dividend payout ratio c. Dividend yield
You are given the following information: Stockholder's Equity Price/Earnings Ratio Share Outstanding Market/Book Ratio $1,250 5 25 1.5 Calculate the market price of a share of the company's stock. Consider the summarized data from the balance sheets and income statements of Wiper Inc. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock? Wiper Inc. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $764 $981 $843 Other assets Total assets 2,424 1,931 1,730 $3,188 $2,912 $2,573 Current liabilities Long-term liabilities Stockholders' equity $588 $841 $734 1,582 1,034 910 1,018 1,037 929 Total liabilities and stockholders' equity $3,188 $2,912 $2,573 Wiper Inc. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $3,061 $2,924 Operating income 307 321 Interest expense 95 76 Net income 224 219 Other…
Net sales Cost of goods sold Gross profit Expenses (including $11,700 interest and $29,700 income taxes) Net income Additional information: 1. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 2. 3. $449,500 211,500 238,000 78,800 $ 159,200 Common stock outstanding January 1, 2022, was 22,400 shares, and 37,300 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Metlock stock was $13 on December 31, 2022. Cash dividends of $22,600 were declared and paid.
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ces The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price FRIENDLY FASHIONS Return on equity Numerator/Denominator Dividend yield Numerator/Denominator Required: Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings per share Numerator/Denominator Price-earnings ratio Numerator/Denominator Amounts Amounts Amounts 2024 $8,943 $310 $1,680 Amounts 680 $0.40 $7.00 2023 $10,034 $708 $2,320 0 0 0
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BYTE WAVE TECHNOLOGIES REPORTED THE FOLLOWING FINANCIAL DATA FOR 2022: NET INCOME: $36,000 NET SALES: $500,000 AVERAGE SHARES OUTSTANDING: 8,000 PREFERRED STOCK DIVIDENDS: $8,000 WHAT WERE BYTE WAVE TECHNOLOGIES' EARNINGS PER SHARE (EPS) FOR 2022?