**Selected data for Thornton Company for Year 3 follows:**- Earnings (net income): $184,000- Preferred stock (12,400 shares at $50 par, 4%): $620,000- Common stock (44,600 shares no par, market value $47): $527,000- Retained earnings: $576,500Less: Treasury stock- Preferred (1,900 shares): $53,000- Common (1,900 shares): $27,000- Treasury stock total: $80,000**Total stockholders' equity:** $1,643,500**Required**a. Calculate the following ratios for Thornton Company.**Note:** Round intermediate calculations and final answers to 2 decimal places.- **Earnings per share:** [ ]- **Price-earnings ratio:** [ ]- **Return on equity:** [ ]%

Name: **Selected data for Thornton Company for Year 3 follows:**- Earnings
Uploaded: 2024-03-20T06:33:21.000Z
Channel: Bartleby
Description: **Selected data for Thornton Company for Year 3 follows:**- Earnings (net income): $184,000- Preferred stock (12,400 shares at $50 par, 4%): $620,000- Common stock (44,600 shares no par, market value $47): $527,000- Retained earnings: $576,500Less:

1. Earnings per share (EPS) is a measure of a company's profitability, calculated by dividing net…

Business

Finance

Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

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

See similar textbooks

Similar questions

Trenton Company has provided the following Information: - Net income, $320,000; • Preferred shares issued, 6,800; Weighted average number of shares of common stock Issued, 24,800; • Cash dividends declared and paid on common stock, $38,000; • Market price per share, $44; Weighted average number of treasury shares of common stock, 4,800. What is Trenton's price/earnings ratio? Multiple Choice 2.75 5.23 4.07 3.41
Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 What was the average price the common stock was issued?
Capitalization Amount is $64,800. Cost per share is $13.33 Looking for Net inocme
Murray Company reports net income of $992,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 320,000 shares. Compute its basic earnings per share. Choose Numerator: Basic Earnings Per Share 1 1 1 Choose Denominator: = Basic EPS Basic EPS per share
I need the answer as soon as possible
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
Dividend Payout Ratio Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $35,000 $55,000 Preferred stock dividends 3,000 3,000 Average common stockholders' equity 1,200,000 1,500,000 Dividend per common share 1.20 1.20 Earnings per share 1.90 2.05 Market price per common share, year-end 19.50 21.00 Calculate the dividend payout for Los Altos, Inc. for both years. Round to one decimal. Year 1 Year 2 Common stock dividend payout Did the dividend payout increase from Year 1 to Year 2?
Tamarisk Inc. presented the following data. Net income Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ 1.11 $2,392,940 5,200,000 816,000 273,600 136,800
In 20X4, P Co declared dividends totaling $.52 per common share when earnings per share were $1.31 and its market price was 40 7/16. In 20X3, its dividends totaled $.46 per share, its earnings per share were $1.36 and its market price was 34 11/16. What was the computed dividend yield ratio for 20X4 and 20X3 respectively? (Rounded to nearest 1 decimal) Multiple Choice 1.8% and 1.9% 1.3% and 1.3% 1.7% and 1.3% 2.1% and 2.3%
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,715,000 $2,437,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 90,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
dont give answer in image format
h

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS