For 2014, Moss Corporation reported net income of $168,000; net sales $2,400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2014 earnings per share? a. $150. b. $10.50. c. $3.42. d. $0.42.

For 2014, Moss Corporation reported net income of $168,000; net sales $2,400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2014 earnings per share? a. $150. b. $10.50. c. $3.42. d. $0.42.

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.)
Oil Services Corp. reports the following EPS data in its 2014 annual report (in millions except per share data). Net income $2,436 Earnings per share: Basic $2.08 Diluted $2.06 Weighted average shares outstanding: Basic 1,172 a.Recompute basic earnings per share. b.How many weighted average shares were dilutive in 2014?
The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 2015, 2014, and 2013: December 31 Total assets Notes payable (10% interest) Common stock Preferred $4 stock, $100 par Retained earnings Net income 2015 $201,000 70,000 28,000 14,000 79,000 15,920 20Y4 $181,000 70,000 28,000 20Y5 14,000 63,000 16,940 No dividends on common stock were declared between 2013 and 2015. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2014 and 2015. Round your percentage answers to one decimal place. 20Y3 $161,000 70,000 28,000 % Return on total assets Return on stockholders' equity Return on common stockholders' equity b. What conclusions can be drawn from these data as to the company's profitability? % 14,000 42,000 13,552 20Y4 % % %
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016 Payout ratio
Kinley Inc. provides the following information for the year 2016:Net Income $225,000Market Price per Share of Common Stock $50 per shareDividends Paid $50,000Common Stock Outstanding on Jan. 1, 2016 120,000 sharesCommon Stock Outstanding on Dec. 31, 2016 210,000 sharesThe company has NO preferred stock outstanding. Calculate the Earnings Per Share for the year 2016.
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016
Morgan Company reported the following information for the year ended December 31, 2015: Net income $ 600,000 Preferred dividends declared and paid 60,000 Common dividends declared and paid 90,000 Average common shares outstanding 90,000 Ending market price per share 45 Net sales 5,100,000 What was Morgan's earnings per share for 2015? $0.15 $5.11 $6.67 $6.00
Profitability ratiosThe following selected data were taken from the financial statements ofVidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: The 20Y7 net income was $411,000, and the 20Y6 net income was$462,500. No dividends on common stock were declared between 2045and 2017. Preferred dividends were declared and paid in full in 2016 and2017.a. Determine the return on total assets, the return tin stockholders'equity, and the return on common stockholders' equity for the years2016 and 2017. Round percentages to one decimal place.b. What conclusions can be drawn from these data as to the company'sprofitability?
Requirement: Use the 2015 data for Prince Company. Assume a stock price of $28 per share. Compute the ratios. Prince Company paid $7,000 out in dividends for the year. Show how you can figure out that the company paid $7,000 out in dividends for the year. 2015 2014 Income Statement Sales revenue 190,000 167,000 Cost of goods sold 112,000 100,000 Gross profit 78,000 67,000 Operating expenses and interest expenses 56,000 53,000 Pretax income 22,000 14,000 Income tax 8,000 4,000 Net income 14,000 10,000 Balance Sheet Cash 4,000 7,000 Accounts receivable (net) 14,000 18,000 Inventory 40,000 34,000 Operational assets (net) 45,000 38,000 Total assets 103,000 97,000 Current liabilities (no interest) 16,000 17,000 Long-term liabilities (10% interest) 45,000 45,000 Common stock (par $5) 30,000…
The following amounts were taken from the financial statements of Blue Spruce Corp.: 2017 2016 Total assets $821000 $1017000 Net sales 744000 656000 Gross profit 366000 321000 Net income 111000 118000 Weighted average number of 97500 97500 common shares outstanding Market price of common stock $49 $46 The profit margin ratio for 2017 is 14%. 18%. 16%. 15%.
Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is? A. $3.9 per share. B. 13.6%. C. 16.6%. D. 9.7%.
Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Perrigo's market debt to equity ratio is closest to: A) 0.24 B) 0.50 C) 0.75 D) 0.89