Pharoah Company had a net income of $1,617,000 and paid dividends to common stockholders of $336,875 in 2022. The weighted average number of shares outstanding in 2022 was 468,930 shares. Pharoah Company common stock is selling for $50 per share on the NASDAQ. Pharoah Company's price-earnings ratio is: a. 3.4 times. b. 14.5 times. c. 4.8 times. d. 9.6 times.

Pharoah Company had a net income of $1,617,000 and paid dividends to common stockholders of $336,875 in 2022. The weighted average number of shares outstanding in 2022 was 468,930 shares. Pharoah Company common stock is selling for $50 per share on the NASDAQ. Pharoah Company's price-earnings ratio is: a. 3.4 times. b. 14.5 times. c. 4.8 times. d. 9.6 times.

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...

See similar textbooks

Similar questions

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?
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.
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
Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000 in 2017. The weighted average number of shares outstanding in 2017 was 528000 shares. Marigold Corporation's common stock is selling for $50 per share on the NASDAQ. Marigold Corporation's price-earnings ratio is A) 3 times B) 11.5 times C) 7.5 times D) 16 times
Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of $8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding. a. What are earnings per share (EPS)? b. What is the Price-earnings ratio? c. What is the Price sales ratio? d. What is Book value per share?
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.
Compute the following ratios on these accounting question
Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is? A. $3.9 per share. B. 13.6%. C. 16.6%. D. 9.7%.
TNT Corporation's stock is currently selling at $36 per share. TNT reported total revenues of $5.26 billion over the past year, has a book value of equity of $2.9 billion, and has 296 million shares outstanding. Based on comparable firms, the appropriate P/S and P/B for TNT are 2.85 and 4.75, respectively. A. What is the stock's approximate intrinsic value based on the P/S multiplier? B. What is the stock's approximate intrinsic value based on the P/B multiplier?
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.
A-2