Selected financial information about Backpacking Resources, Inc., is as follows: Total assets Total liabilities Total preferred stock Total annual preferred stock dividends $25,000,000 $10,000,000 $2,000,000 $180,000 Net profits after-tax Number of shares of common stock outstanding Current market price of common stock Annual common stock dividends $1,000,000 1,000,000 shares $48.00 a share $2.40 a share Using the company's financial information, compute the following: a. Dividend yield. Round the answer to two decimal places. b. Book value per share. Round your answer to the nearest cent. c. Earnings per share. Round your answer to the nearest cent. d. P/E ratio. Round the answer to two decimal places.

Selected financial information about Backpacking Resources, Inc., is as follows: Total assets Total liabilities Total preferred stock Total annual preferred stock dividends $25,000,000 $10,000,000 $2,000,000 $180,000 Net profits after-tax Number of shares of common stock outstanding Current market price of common stock Annual common stock dividends $1,000,000 1,000,000 shares $48.00 a share $2.40 a share Using the company's financial information, compute the following: a. Dividend yield. Round the answer to two decimal places. b. Book value per share. Round your answer to the nearest cent. c. Earnings per share. Round your answer to the nearest cent. d. P/E ratio. Round the answer to two decimal places.

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...

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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.)
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.
CorpCo gathered the following information as of the end of the current fiscal year: Dividends on common stock Market price per share of common stock Shares of common stock outstanding Dividends on preferred stock Shares of preferred stock outstanding Earnings per share on common stock Dividends per share of common stock Net income $125,000 $115.00 5,000 $65,000 600 $102.00 $25.00 $575,000 What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place. 96
The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.Total assets$300,000Stockholders' equity—common150,000Total stockholders' equity200,000Sales revenue100,000Net income25,000Number of shares of common stock6,000Common dividends5,000Preferred dividends7,000What is the return on common stockholders' equity ratio for Benedict?
What is Wayne Co.'s total stockholders' equity based on the following account balances? Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock O $975,000. O $1,150,000. O $1,000,000. O $800,000. $950,000 50,000 175,000 25,000
What is the amount of earnings per share for common stock (after tax)? What was the P/E ratio on the date of the last Treasury Stock Transaction? Net Income after taxes = $353,018 Last Treasury Stock Transaction: 9/12/2021 Cash 98,800 Paid-In Capital - Treasury Stock 13,000 Treasury Stock 85,800
The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common dividends Preferred dividends What is Sunland's payout ratio? O 24.6%. O 9.6%. O 17.9%. O 37.9%. $355000 235000 294000 97000 21100 6000 5200 8500
The income statement for Bramble Inc. shows income before income taxes $1736000, income tax expenses $831000, and net income $905000. If Bramble declared $364000 of cash dividends on preferred stock and has 270000 shares of common stock outstanding throughout the year, earnings per share is: Select answer from the options below $3.35 $2.00 $6.43 $1.10
CorpCo gathered the following information at the end of the current fiscal year: Dividends on common stock Market price per share of common stock Shares of common stock outstanding Dividends on preferred stock Shares of preferred stock outstanding Earnings per share on common stock Dividends per share of common stock Net income $125,000 $115.00 5,000 $65,000 600 $102.00 $25.00 $575,000 What is CorpCo's price-earnings ratio? Round your answer to one decimal place.
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Bridgeport Inc. has the following selected financial data: Net income Total assets Preferred shares, 3%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares There were no preferred dividends in arrears. 2023 $727,000 5,109,000 601,000 327,000 2,784,000 134,000 3,846,000 124,000 $96.98 77,000 2022 $686,000 4,498,000 601,000 327,000 2,181,000 119,400 3,228,400 168,400 $62.36 77,000