Evaluate the firm’s profitability for 2008 by computing:a.Pay-out Ratio to Common Sharesb.Dividend Yield Per Share on Common Stock TOTAL POINTS = 93/93The following are the balance sheet and income statement data ofJowie CorporationBalance Sheet Accounts (De ce mber 31)CashMarketable Securities20072008150,000283,000850,0001,000,000Accounts Receivable, net500,0001,000,000Inventories750,000500,000Land500,000500,000Building, netMachinery and equipment (net)GoodwillDeferred ChargesNotes, Payable, TradeAccounts Payable, Trade550,000500,0001,700,0001,500,000400,000400,000100,00090,000100,000150,000610,000790,000PayableLong-term Notes- Due 201815% Preferred Stock, P100 par40,00060,0002,500,0002,250,000500,000500,000Common Stock, P10 parRetain Earnings1,500,0001,500,000250,000523,0002008 Income Statement AccountsSalesSales Returns and Allowances5,250,000250,000Inventory, Dec. 31, 2008Inventory, Dec. 31, 2007PurchasesSelling ExpensesAdministrative Expenses(includingDepreciation of P250,000)Interest on Long-term NotesIncome Taxes, 35%Additional Information:Dividends paid on preferred stockDividends paid on common stock500,000750,0002,750,000400,000600,000250,000175,0002162,000Market price per share on common3stock18

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Evaluate the firm’s profitability for 2008 by computing: a.Pay-out Ratio to Common Shares b.Dividend Yield Per Share on Common Stock

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Concept explainers

Lease option

A lease option is a time and cost-saving option used by information technology (IT) companies that cannot afford large investments. By choosing to lease Software, a firm does not get its ownership directly. Instead, the firm has to pay a fixed cost for a certain period to use the Software, and after the lease period, the company can purchase the Software.

Question

100%

Evaluate the firm’s profitability for 2008 by computing: a.Pay-out Ratio to Common Shares b.Dividend Yield Per Share on Common Stock

TOTAL POINTS = 93/93
The following are the balance sheet and income statement data of
Jowie Corporation
Balance Sheet Accounts (De ce mber 31)
Cash
Marketable Securities
2007
2008
150,000
283,000
850,000
1,000,000
Accounts Receivable, net
500,000
1,000,000
Inventories
750,000
500,000
Land
500,000
500,000
Building, net
Machinery and equipment (net)
Goodwill
Deferred Charges
Notes, Payable, Trade
Accounts Payable, Trade
550,000
500,000
1,700,000
1,500,000
400,000
400,000
100,000
90,000
100,000
150,000
610,000
790,000
Payable
Long-term Notes- Due 2018
15% Preferred Stock, P100 par
40,000
60,000
2,500,000
2,250,000
500,000
500,000
Common Stock, P10 par
Retain Earnings
1,500,000
1,500,000
250,000
523,000
2008 Income Statement Accounts
Sales
Sales Returns and Allowances
5,250,000
250,000
Inventory, Dec. 31, 2008
Inventory, Dec. 31, 2007
Purchases
Selling Expenses
Administrative Expenses(including
Depreciation of P250,000)
Interest on Long-term Notes
Income Taxes, 35%
Additional Information:
Dividends paid on preferred stock
Dividends paid on common stock
500,000
750,000
2,750,000
400,000
600,000
250,000
1
75,000
2
162,000
Market price per share on common
3
stock
18

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