Hello tutor please provide this question solution general accounting Plush Pilots, Inc., has balance sheet equity of $5.2 million. Atthe same time, the income statement shows net income of$743,600. The company paid dividends of $423,852 and has130,000 shares of stock outstanding. If the benchmark PEratio is 21, what is the target stock price in one year? (Do notround intermediate calculations and round your final answerto 2 decimal places. (e.g., 32.16))

Step 1:First, calculate the earnings per share: Earnings per share = Net income / Number of shares…

Answered: Plush Pilots, Inc., has balance sheet…

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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Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $3.70 per share, and the current price of its common stock is $76 per share. The expected growth rate is 7 percent. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. Compute the cost of retained earnings (Ke). Cost of retained earnings % b. If a $7.0 flotation cost is involved, compute the cost of new common stock (Kn). Cost of new common stock %
Some recent financlal statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilitles and Owners' Equlty Current assets Current liabilitles Cash $ 3,271 $ 3,457 Accounts payable $ 2,138 $ 2,570 5,811 Notes payable Other Accounts recelvable 4,782 12,418 1,735 2,086 Inventory 13,812 87 104 Total $ 20,471 $23.080 Total $ 3,960 $ 4760 $ 13,700 $16,460 Long-term debt Owners' equity Common stock 36,500 and pald-in surplus $36.500 S Accumulated retalned 38,893 Fixed assets 15,639 earnings Net plant and 75,393 $49,328 $73,533 Total $ 52,139 $ equipment Total llabilitles and owners' Total assets $69,799 $ 96,613 $ 69,799 $96,613 equity SMOLIRA GOLF, INC. 2019 Income Statement 186,770 Sales 125,903 Cost of goods sold Depreclation 5,363 EBIT $55,504 1,460 Interest pald Taxable Income $ 54,044 Таxes 18,915 Net Income $ 35,129 $ 11,875 23,254 Dividends Retalned earnings
At the beginning of the year, you purchased a share of stock for $51.64. Over the year the dividends paid on the stock were $3.26 per share. Calculate the return if the price of the stock at the end of the year is $50.24. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16))
Vriend Software Inc.'s book value per share is $13.70. Eamings per share is $1.81, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times
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What is the total dollar return on these accounting question?
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