In thousands, except per share data Current assets Current liabilities Total assets Total liabilities Shares outstanding Retained earnings Stock price per share Sales Earnings before interest and taxes 2018 2017 $10,178,842 $8,053,473 6,487,320 5,466,312 27,273,120 19,963,379 21,772,417 16,202,325 458,429 455,063 2,942,359 1,731,117 281.00 191.96 15,794,341 12,277,349 1,685,487 838,679

In thousands, except per share data Current assets Current liabilities Total assets Total liabilities Shares outstanding Retained earnings Stock price per share Sales Earnings before interest and taxes 2018 2017 $10,178,842 $8,053,473 6,487,320 5,466,312 27,273,120 19,963,379 21,772,417 16,202,325 458,429 455,063 2,942,359 1,731,117 281.00 191.96 15,794,341 12,277,349 1,685,487 838,679

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Based on the earnings per share in the period from 2005 to 2012 indicated in the following table, determine the annual dividend per share in accordance with each of the policies described in items a) to d). Year Earnings per share2012 $ 1.402011 1.562010 1.202009 0.852008 1.052007 0.602006 1.002005 0.44 a) Pay 40% of earnings in all years with positive earnings.b) Pay $ 0.60 per share and increase to $ 0.70 when earnings per share rise above $ 0.90 for two consecutive years.c) Pay $ 0.60 per share except when earnings exceed $ 1.00 per share; in that case, an extraordinary dividend of 70% of earnings would be paid in excess of $ 1.00 per share.d) Combine the policies described in sections b) and c). When the dividend increases (in part b), increase the excess basis of the dividend (in part c) from $ 1.00 to $ 1.10 per share.e) Compare the dividend policies described in items a) to d).
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) 2018 Common stock, $0.50 par value; 6,500,000 authorized shares; 3,577,107,522 issued shares $1,789 Other paid-in capital 31,046 Retained earnings 34,063 Accumulated other comprehensive loss (4,436) Stockholders' equity before deduction for treasury stock $62,103 Less treasury stock, at cost: 984,543,979 shares Total Merck & Co. Inc. stockholders' equity 40,743 $21,360 a. Show the computation of the $1,789 million in the common stock account. shares x $ per share is approximately $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two…
Following are the Balance Sheets of X Ltd. for the year 2014 and 2015. 2014 2015 sin '000 sin '00 L Equity and Liabilities (1) Shareholders' Funds (a) Share Capital : Equity Share Capital 8% Redeemable Preference Share Capital (b) Reserves and Surplus : General Reserve Surplus Account (2) Non-current Liabilities 200 320 150 90 40 70 15 38 Debentures 100 90 (3) Current Liabilities Creditors 55 83 Bills Payable Proposed Dividend (Treating it as non-current liability) Provision for Tax (NCL) 20 16 42 50 40 50 Total Equity and Liabilities 662 807 II. Assets (1) Non-current Assets Fixed Assets: Land & Building Plant & Machinery Intangible Asset : Goodwill 200 80 170 200 80 100 (2) Current Assets Stock Debtors B/R Cash & Bank Balances 59 250 30 18 87 150 20 25 Total Assets 662 807 Additional Information: (1) (1) (I) (IV) An interim dividend of $ 20,000 has been paid in 2015. $ 35,000 income tax was paid during the year 2015. Dividend of $ 28,000 was paid during the year 2015. During the year…
Consolidated Statements of Changes in Shareholders' Equity ($ in thousands) Share Capital Contributed Surplus Retained Earnings AOCI(1) Total Balance at January 31, 2015 $ 167,460 $ 2,831 $ 140,527 $ 18,465 $ 329,283 Net earnings for the year — – 69,779 – 69,779 Other comprehensive income (Note 12) – – 4,583 11,953 16,536 Other comprehensive income of equity investee – – (15) – (15) Comprehensive income – – 74,347 11,953 86,300 Equity settled share-based payments – 124 – – 124 Dividends (Note 19) – – (58,210) – (58,210) Issuance of common shares (Note 15) 450 (335) – – 115 450 (211) (58,210) – (57,971) Balance at January 31, 2016 $167,910 $ 2,620 $156,664 $ 30,418 $357,612 Balance at January 31, 2014 $ 166,069 $ 3,528 $ 145,762 $ 7,081 $ 322,440 Net earnings for the year — – 62,883 – 62,883 Other comprehensive income (Note 12) – – (11,968) 11,384 (584) Other comprehensive income of equity investee – – 30 – 30 Comprehensive income – – 50,945 11,384…
rehensive Problem 2- St of Cash Flows and Ratios Algo C. Klein Inc. C. Klein Inc. Income Statement Comparative Balance Sheets December 31, 2018 and 2017 For years ended December 31, 2017 and 2018 2018 2017 Change 2018 2017 $469,000 $422,000 (303,000) (248,000) 166,000 174,000 Current assets: Sales (all on credit) Cost of goods sold Gross margin Cash $52.260 34,000 $37,900 $14,360 Accounts receivable (net) 28,000 6,000 Inventory Prepaid expenses 44,000 42,000 2100 2,000 -1,200 900 Depreciation expense Other operating 5631 36,000 51,000 Other current assets 1310 2000 -690 102,000 85,000 Totol current assets 132,470 112,000 20,470 expenses Total operating 138,000 136,000 expenses ok Operating income 28.000 38,000 Long-term Investments 75,000 52,000 23,000 Other income (expenses) Plant assets 302,000 253,000 49,000 nces Interest expense (4,700) (3,500) Less: accumulated (76,800) (51,000) 25,800 depreciation Gain on sale of 4,900 3,400 Total plant assets 225,200 202,000 23,200 investments…
You have been provided with the following extracts of the financial statements of Provision Ltd for the year ended 31 December 2018. Statement of financial position for the year ended 31 December 2018 Non-current assets Current assets Inventories Trade receivables Cash Total assets Equity and Liabilities Shareholders equity and reserves Contributed equity (ordinary shares) Retained income Preference shares - Non-current liabilities Loan Current liabilities Trade payables Dividends payable Inland Revenue Total equity and liabilities Note 1 S S SSS S $ SSS S SSS S S S 2018 328,000 S 498,000 S 170,000 S 90,000 $ 62,000 $ 55,000 18,000 $ 5,000 $ 2017 80,000 $ 48,000 $ 12,000 $ 20,000 $ 286,000 170,000 110,000 418,000 $ 290,000 170,000 $ 198,000 $ 50,000 $ S S 456,000 110,000 130,000 50,000 100,000 66,000 44,000 10,000 12,000 498,000 S 456,000 Extract from the statement of profit and loss for the year ended 31 December 2018: Gross revenue S 375,000 Cost of sales $ 217,000 S 158,000 Net…
Ggh
Balance Sheet of Do Well Ltd. As on 31st March, 2016 was as follows: 1. Equity and Liabilities (1) Shareholders' Funds (a) Share Capital: Equity Shares @ $10 each 2,00,000 (Ь) Reserves and Surplus : Surplus Account 1,20,000 (2) Non-current Liabilities 6% Debentures 1,20,000 (2) Current Liabilities Creditors 60,000 Proposed Dividend 20,000 Total Equity and Liabilities 5,20,000 II. Assets (1) Non-current Assets Fixed Assets : Freehold Property 1,00,000 (2) Current Assets Stock 1,20,000 Debtors 80,000 Balance at Bank 2,20,000 Total Assets 5,20,000 At the annual general meeting held on 18th April, 2016 it was resolved: (i) To declare dividend of 10% for the accounting year ended on 31st March, 2016. (ii) To issue one bonus share for every 4 shares held out of Surplus Account. (iii) To give existing shareholders the option to purchase for cash one share for $15 for every 4 shares held prior to the bonus distribution. This option was accepted by all the shareholders. (On this no bonus share…
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)
Weighted Average Cost of Capital The December 31, 2018, partial financial statements taken from the annual report for AT&T Inc. (T ) follow. Consolidated Statements of Income Dollars in millions except per share amounts 2018 2017 Operating revenues Service $152,345 $145,597 Equipment 18,411 14,949 Total operating revenues 170,756 160,546 Operating expenses Equipment 19,786 18,709 Broadcast, programming and operations 26,727 21,159 Other cost of services (exclusive of depreciation and amortization show separately below) 32,906 37,942 Selling, general and administrative 36,765 35,465 Abandonment of network assets 46 2,914 Depreciation and amortization 28,430 24,387 Total operating expenses 144,660 140,576 Operating income 26,096 19,970 Other income (expense): Interest expense (7,957) (6,300) Equity in net income of affiliates (48) (128)…
CH Sunland Corporation had the following information in its financial statements for the years ended 2025 and 2026: Cash dividends for the year 2026 $4700 Net income for the year 2026 97700 Market price of stock, 12/31/25 10 Market price of stock, 12/31/26 12 12 Common stockholders' equity, 12/31/25 1008000 Common stockholders' equity, 12/31/26 1192000 Outstanding shares, 12/31/26 100400 Preferred dividends for the year 2026 14000 What is the rate of return on common stock equity for Sunland Corporation for the year ended 12/31/2026? 7.6% O 6.6% 8.9% 07.0% eTextbook and Media W X SPM DELL 78°F Sunny
Compute dividend payout ratio

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS