Harrison Inc. had a net income of $450,000 and paid dividends to common stockholders of $54,000 in 2023. The weighted average number of shares outstanding was 60,000 shares. The company's common stock is selling for $65 per share on the New York Stock Exchange. What is Harrison Inc.'s payout ratio for 2023?

Harrison Inc. had a net income of $450,000 and paid dividends to common stockholders of $54,000 in 2023. The weighted average number of shares outstanding was 60,000 shares. The company's common stock is selling for $65 per share on the New York Stock Exchange. What is Harrison Inc.'s payout ratio for 2023?

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.)
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?
Pina Colada Corp. had net income of $1612000 and paid dividends to common stockholders of $403000 in 2022. The weighted average number of shares outstanding in 2022 was 1047800 shares. Pina Colada Corp.'s common stock is selling for $30 per share on the NASDAQ. Pina Colada Corp.'s payout ratio for 2022 is
Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Bonita Corporation's common stock is selling for $95.92 per share on the New York Stock Exchange. Bonita Corporation's price-earnings ratio is O 22.0 times. 3.5 times. O 27.6 times. O 19.4 times.
Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 por share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%. 14.80%. 740%. $7.70 per share.
In December 2022, Samar Co. had a share price of AED 50. They had 12 million shares outstanding, a market-to-book ratio of 3. In addition, Samar had AED 200 million debt, AED 40 million in net income and AED 850 million in sales. Calculate P/E ratio and ROE according to Du Pont system.
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1. Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Concord Corporation's common stock is selling for $121.80 per share on the New York Stock Exchange. Concord Corporation's price-earnings ratio is A. 3.4 times. B. 30.0 times. C. 21.0 times. D. 36.3 times.
Coronado Corporation had net income of $2060000 and paid dividends to common stockholders of $296000 in 2020. The weighted average number of shares outstanding in 2020 was 1030000 shares, Coronado Corporation's common stock is selling for $30 per share on the NASDAQ. Coronado Corporation's price-earnings ratio is O2 times. O 30 times. O 15 times. Ⓒ22 times
Figure 1. Gmaria Corporation had net income of P250,000 and paid dividends to common stockholders of P50,000 in 2020. The weighted average number of shares outstanding in 2020 was 50,000 shares. Gmaria Corporation's common stock is selling for P40 per share on the Philippine Stock Exchange. Gmaria’s price-earnings ratio is * Choices: 5. 2. 8. 10. Refer to Figure 1. Gmaria's dividend payout ratio for 2020 is * Choices: 0.20. 0.125. P5 per share. 0.25.
What are the earings per share on these financial accounting question?
In 2022, Sheffield Corporation reported net income of $ 1,141,200. It declared and paid preference dividends of $ 262,964. During 2022, Sheffield had a weighted average of 194,300 ordinary shares outstanding. Compute Sheffield's 2022 earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.48.) Sheffield's 2022 earnings per share $4