Need General Accounting Question solution Question: You own shares in TechVision Solutionswhich reported earnings of $3.75 per share in theprevious fiscal year. If the stock closed at $86.25yesterday, what is the price-earnings ratio of thestock? A. 18:1 B. 23:1 C. 25:1 D. 21:1

Step (1) : Define Price Earnings (P/E) Ratio Analysis:The P/E ratio is a key valuation metric that…

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 2MAD

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The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
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?
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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.)
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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You are given the following information: Stockholder's Equity Price/Earnings Ratio Share Outstanding Market/Book Ratio $1,250 5 25 1.5 Calculate the market price of a share of the company's stock. Consider the summarized data from the balance sheets and income statements of Wiper Inc. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock? Wiper Inc. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $764 $981 $843 Other assets Total assets 2,424 1,931 1,730 $3,188 $2,912 $2,573 Current liabilities Long-term liabilities Stockholders' equity $588 $841 $734 1,582 1,034 910 1,018 1,037 929 Total liabilities and stockholders' equity $3,188 $2,912 $2,573 Wiper Inc. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $3,061 $2,924 Operating income 307 321 Interest expense 95 76 Net income 224 219 Other…
If the common stock of Comdisco pays an annual dividend of $0.28, has a PE ratio of 11, and closed at 25, what are the current earnings per share? a. $7.00 b. $2.27 c. $3.08 d. $1.12
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Question: You own shares in TechVision Solutions which reported earnings of $3.75 per share in the previous fiscal year. If the stock closed at $86.25 yesterday, what is the price-earnings ratio of the stock? A. 18:1 B. 23:1 C. 25:1 D. 21:1