Orion Metals started the year with total assets of $300,000 and total liabilities of $120,000. During the year, the business recorded $280,000 in revenues, $180,000 in expenses, and dividends of $50,000. Stockholders' equity at the end of the year was: A. $230,000 B. $200,000 C. $210,000 D. $170,000

Orion Metals started the year with total assets of $300,000 and total liabilities of $120,000. During the year, the business recorded $280,000 in revenues, $180,000 in expenses, and dividends of $50,000. Stockholders' equity at the end of the year was: A. $230,000 B. $200,000 C. $210,000 D. $170,000

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 55E: 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.)
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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 market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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