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

Find the earnings per share (EPS): The dividend payout ratio is the proportion of earnings paid out…

Answered: Gnomes R Us just paid a dividend of…

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...

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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?