Answered: Gnomes R Us just paid a dividend of…

Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price?what is the stock price

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

See similar textbooks

Related questions

Q: What is the cost of the equipment??

A: Cost of the equipment = Purchase price + Sales tax + Freight charges + Installation costsCost of the…

Q: 4 PTS

A: Concept of Regression AnalysisRegression analysis is a statistical technique used to determine the…

Q: Answer? ? Financial accounting question

A: Step 1: Formula Earnings per share = (Net income - Preferred dividends)/Number of common shares…

Q: For its inspecting cost pool, Brilliant Professor Mullen Company expected an overhead cost of…

A: Step 1:Under activity-based costing, the activity-based overhead rate is calculated by dividing the…

Q: Determine the factory overhead rate

A: 1. Calculate Total Direct Labor Hours:Total Direct Labor Hours = Units per Product * Direct Labor…

Q: What is its ROE

A: To calculate the Return on Equity (ROE), we use the formula: ROE = Profit Margin × Total Asset…

Q: General Accounting question

A: Step 1: Define Fixed AssetsLong-term assets which are purchased and used in the manufacture of goods…

Q: General accounting question

A: Explanation of Erosion:Erosion refers to the reduction in sales or revenue of an existing product…

Q: Kindly help me with accounting questions

A: Given:Taxable Income = $800,000Corporate Tax Rate = 30%Calculation:Tax Payable = Taxable Income x…

Q: Expert answer this cost accounting problem

A: Explanation of Activity Cost Pool: An activity cost pool, which is $160,000 for inspection in this…

Q: Quick answer of this accounting questions

A: To calculate ABC Corporation's return on common stockholders' equity, we use the formula:Return on…

Q: General accounting question

A: Step 1: Definition of Cash Borrowing RequirementThe cash borrowing requirement refers to the amount…

Q: Hii expert please given correct answer general Accounting question

A: To calculate the Return on Capital Employed (ROCE), we use the following formula: ROCE = (EBIT /…

Q: Pearl Leasing Company agrees to lease equipment to Martinez Corporation on January 1, 2025. The…

A: 1. Identify the Key Details:Lease term (n): 7 yearsFair value of asset: $760,000Residual value…

Q: None

A: Step 1: Definition of MarkupMarkup is the difference between the selling price and the cost price of…

Q: HELP

A: Given Data: Process time: 6.7 days Inspection time: 7.9 days Move time: 7.5 days Wait time: 10.2…

Q: Need A EXPERT NOT AI The following facts perta lessee. a non-cancelable lease agreement between…

A: The lease receivable at the commencement of the lease is the present value of the lease payments…

Q: Ans

A: ROCE=Net Income per Share/Book Value per ShareWhere:Net Income per Share = Analysts' earnings…

Q: Himani co. Computes ita predetermined overhead rate?

A: Explanation of Manufacturing Overhead: Manufacturing overhead comprises all indirect manufacturing…

Q: Help

A: Given:Sales = 1,990 unitsSelling price = $63Total fixed expenses = $64,000Variable expenses = 42% of…

Q: A new machine with a purchase price of $90,000, transportation costs of $8,000, installation costs…

A: Concept of Cost BasisThe cost basis refers to the total cost incurred to acquire an asset and…

Q: At the beginning of the year, managers at King Industries estimated $680,000 in manufacturing…

A: Predetermined overhead rate = Estimated overhead / Estimated direct labor hoursPredetermined…

Q: 5 Points

A: Option a: This option is incorrect because variable costing does not include fixed manufacturing…

Q: Crowd company applied overhead based on direct labor cost

A: Explanation of Direct Labor Cost: Direct labor cost represents the wages and other compensation paid…

Q: Please provide this question solution general accounting

A: Step 1: Definition of Current LiabilitiesCurrent liabilities are obligations a company must pay…

Q: General Account

A: The correct answer is:b. is a budget for the production of one unit of a product or service.…

Q: i need this question answer General accounting question

A: Step 1: Definition of Overapplied/Underapplied OverheadOverapplied or underapplied overhead is the…

Q: What amount should the building be recorded

A: The building should be recorded at the fair market value of the stock issued, which is the number of…

Q: What amount of profit

A: Explanation of Installment Sales Method:The installment sales method is a revenue recognition method…

Q: The profit margin would be

A: Net Sales:Net Sales = Sales Revenue - Sales Returns and Allowances - Sales Discounts= $226,000 -…

Q: Please help me

A: The question requires the determination of the net income. Net income (NI), also known as net…

Q: Ans

A: Step 1: Definition of Capital GainCapital gain is the profit earned from selling a capital asset…

Q: None

A: To calculate the equity premium, we use the formula: Equity Premium =Stock Market Return −Risk-Free…

Q: Give true answer this financial accounting

A: To compute the net income for the year, we use the following formula: Net Income = Increase in…

Q: Help me general account expert

A: The FALSE statement is:c. A standard cost is more accurate than a budgeted cost. Explanation of…

Q: Provide correct answer general accounting

A: Step 1:Degree of operating ratio is the financial metric that measures how efficiently a company is…

Q: Hello teacher please help me with accounting questions

A: Step 1: Definition of "Tax Paid""Tax paid" refers to the actual amount of tax that has been settled…

Q: Choose correct option

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Equity Method for Investment AccountingThe equity method is used to account…

Q: give me correct answer of this General accounting question

A: To calculate the expected return on the stock, we use the Capital Asset Pricing Model (CAPM)…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of "Recognized Gain or Loss"Recognized gain or loss is the gain or loss that is…

Q: Financial accounting

A: Step 1: Definition of Standard Cost per UnitThe standard cost per unit is the total predetermined…

Q: Given the following information for the year ended 12/31/X3: Sales Revenues Selling and…

A: To calculate the gross margin, we use the formula: Gross Margin = Sales Revenues - Sales Discounts -…

Q: You believe the expected return on ABC is 16.20%, and that the variance of ABC's returns is 0.6400.…

A: The standard deviation is the square root of the variance. sqrt0.6400=0.8 The coefficient of…

Q: Butler Tech, Inc., is expanding into India. The company must decide where to locate and how to…

A: Here's a brief explanation of why each item belongs to its respective financial statement(s):a.…

Q: Cost accounting

A: The differential cost refers to the difference in cost between making the part in-house (Parley…

Q: Provide Right answer

A: Explanation of Sales Revenue: Sales revenue represents the total amount earned from selling goods or…

Q: Need answer the financial accounting question

A: To compute the dividend yield, we use the formula: Dividend Yield = (Annual Dividends per Share ÷…

Q: Ans?? Financial accounting question

A: Step 1: Define Variable CostVariable costs are expenses that alter as a company's product or service…

Q: The absorption costing unit product cost is solve this question general Accounting

A: Step 1: Absorption costing Under absorption costing, the product cost consists the following:Product…

Question

Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price?what is the stock price

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
What is the stock price??
What is the stock price? For this accounting question
help
Gnomes R Us just paid a dividend of $1.80 per share. The company has a dividend payout ratio of 65 percent. If the PE ratio Is 15.9 times, what is the stock price? $81.77 $28.62 $62.90 $44.03 O $18.60
Solve this Accounting problem
General Accounting
Gnomes R Us just paid a dividend of $1.89 per share. The company has a dividend payout ratio of 65 percent. If the PE ratio is 16.8 times, what is the stock price? Multiple Choice $20.64 $31.75 $48.85 $90.72 $69.78
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.20%. What percentage of its earnings does Hornberger plow back into the firm? (Round your answer to 2 decimal places.) Plowback ratio %
ABD common stock is selling for $36.08 a share. The company has earnings per share of S.34 and a book value per share of S12.19. What is the market-to-bok ratio?
You find a stock selling for $91.26 that has a dividend yield of 1.6 percent and a PE ratio of 12.0. What is the earnings per share (EPS) for the company?
Pfizer, Inc. (PFE) has earnings per share of $2.09 and a P/E ratio of 11.02. What is the stock price?