Matheny Inc. went public 3 years ago. The board of directors will be meeting shortlyafter the end of the year to decide on a dividend policy. In the past, growth hasbeen financed primarily through the retention of earnings. A stock or a cashdividend has never been declared. Presented below is a brief financial summaryof Matheny Inc. operations.($000 omitted)Sales revenue2015 2014 2013 2012 201120,600 18,090 15,520 6,040 4,2802,860 1,530 900760 31023,900 19,450 12,170 4,810 3,950Net incomeAverage total assetsCurrent assets9,0307,300 3,7201,8901,360Working capital4,2703,3801,790520 430Common shares:Number of shares outstanding (000) 3,0003,0003,0003,000 3,000Average market price$9$6$4Compute the profit margin on sales for each year.

Hello student! Profit Margin on sales is the amount percentage of sales left after we deduct cost of…

Answered: Matheny Inc. went public 3 years ago.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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E12-4 The Kopi lndustries board of directors contemplates a new dividend policy that would set dividends at 60 percent of earnings. The company has recently experienced the earnings per share (EPS) and dividends paid per share presented below: Year Earnings per share Dividends per share 2003 $ 1.75 $ 0.95 2004 1.95 1.2 2005 2.05 1.25 2006 2.25 1.3 Based on Kopi's historical dividend payment ratio, analyze whether a constant 60% payment ratio will benefit shareholders.
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Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the same fraction of revenues in 2016-2019 as they were in 2015. What would Mydeco's EPS have been each year in this case? Calculate the new EPS for 2016-2019 below: (Round dollar amounts and number of shares to one decimal place. Round percentage amount and the EPS to two decimal places.)
On its Form 10-K for the year ended December 31, 2016, Ameri Bank Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $17,287 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $15,804 c. Answer $9,993 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.34 $0.94
Bolton Corporation had additions to retained earnings for the year just ended of $248,000. The firm paid out $187,000 in cash dividends, and it has ending total equity of $4.92 million. The company currently has 150,000 shares of common stock outstanding. a. What are earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the stock currently sells for $80 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) f. If the…
Karan
12. Information related to the Berkley Company for the calendar year 2015 follows: Liabilities, December 31, 2015 Assets, December 31, 2015 Dividends distributed during 2015 Liabilities, December 31, 2014 Assets, December 31, 2014 $440 700 90 300 450 Assuming no capital stock was issued during 2015, the net income earned by the Berkley Company during 2015 was 0110
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Net Income for the year is $ 45 Million.Calculate EPS after stock dividend is paid and what impact would the stock dividend have on Gordong manufactures on Balance Sheet.
Café Creations Incorporated has net cash flow from financing activities for the last year of $25 million. The company paid $15 million in dividends last year. During the year, the change in notes payable on the balance sheet was a decrease of $40 million, and change in common and preferred stock was an increase of $50 million. The end of year balance for long-term debt was $40 million. What was their beginning of year balance for long-term debt? Multiple Choice $20 million $30 million $40 million $10 million
Starbucks reports net income for 2015 of $2,956.4 million. Its stockholders' equity is $6,527 million and $7,073 million for 2014 and 2015, respectively. a. Compute its return on equity for 2015.Round answer to one decimal place (ex: 0.2345 = 23.5%)Answer% b. Starbucks repurchased over $1.4 billion of its common stock in 2015. Did this repurchase increase or decrease Starbucks’ ROE? ROE usually decreases since the repurchase of shares reduces the denominator (avg. stockholders' equity). ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity). ROE usually increases since the repurchase of shares increases the denominator (avg. stockholders' equity). ROE usually decreases since the repurchase of shares increases the denominator (avg. stockholders' equity). c. If Starbucks had not repurchased common stock in 2015, what would ROE have been? Note: Round answer to one decimal place (example: 20.6%). Answer%

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