Columbus Corp. had $380,000 additions to retained earnings for the year. The firm paid out $210,000 in cash dividends, and it has ending total equity of $6.7 million. The company currently has 200,000 shares of common stock outstanding and the stock currently sells for $90 per share. What is the PE ratio? Round it to two decimal places.

Columbus Corp. had $380,000 additions to retained earnings for the year. The firm paid out $210,000 in cash dividends, and it has ending total equity of $6.7 million. The company currently has 200,000 shares of common stock outstanding and the stock currently sells for $90 per share. What is the PE ratio? Round it to two decimal places.

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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During the past five years, JKL had consistently paid 50% of earnings available to common shareholders as dividends. Next year, projected net income is at P6,000,000. Preferred shareholders receive P1,200,000 in dividends. The company maintains it's capital structure at 25.5% Debt; 15% Preferred stock; 60% common equity. What is the retained earnings break-point next year? A. P5,760,000 B. P4,800,000 C. P4,000,000 D. P6,000,000 E. Answer not given
Ferrell Inc. recently reported net income of $8 million. It has 710,000 shares of common stock, which currently trades at $57 a share. Ferrell continues to expand and anticipates that 1 year from now, its net income will be $13.6 million. Over the next year, it also anticipates issuing an additional 248,500 shares of stock so that 1 year from now it will have 958,500 shares of common stock. Assuming Ferrell's price/earnings ratio remains at its current level, what will be its stock price 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent.
#10!
Winston Washer's stock price is $75 per share. Winston has 10 billion dollars in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston's market/book ratio?
Roberts and Company’s market-to-book ratio is currently 6.5 times and PE ratio is 12.5 times. If Roberts and Company’s common stock is currently selling at $165 per share, what is the book value per share and earnings per share?
ViewPoints Security's financial statements, which were constructed a few days ago, report the companys has $1 million of common equity with 500,000 shares of common stock outstanding and its net income was $2.1 million. If ViewPoint's common stock currently sells for $33.60 per sahre, what are (a) P/E ratio and (b) M/B ratio?
Frantic Fast Foods had earnings after taxes of $900,000 in 20X1 with 301, 000 shares outstanding. On January 1, 20X2, the firm issued 32,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 28 percent. Compute earnings per share for the year 20X1. Note: Round your answer to 2 decimal places. Compute earnings per share for the year 20X2. Note: Round your answer to 2 decimal places.
Byrd Lumber has 2 million shares of stock outstanding. On the balance sheet the company has $39 million worth of common equity. The company's stock price is $23 a share. What is the company's Market Value Added (MVA)? If negative, use the negative sign instead of parentheses, e.g. -130,000.
In April 2013, General Electric (GE) had a book value of equity of $123.4 billion, 10.3 billion shares outstanding, and a market price of $20.55 per share. GE also had cash of $91.5 billion, and total debt of $394.7 billion. What was GE′s enterprise value? (Round to one decimal place.)
The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?
companys current balance sheet shows total common equity of $5,295,000. The company has 350,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ? (Round your intermediate and final answers to two decimal places.)
In April 2013, General Electric (GE) had a book value of equity of $123.4 billion, 10.3 billion shares outstanding, and a market price of $20.55 per share. GE also had cash of $91.5 billion, and total debt of $394.7 billion. What was GE′s enterprise value? (Round to one decimal place.) I want answer within 2 hrs

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