Skyway Industries has a current net income of $4.5 million and 2 million common shares outstanding which are trading at $30 per share. The company is planning to issue additional stock to raise $6,000,000 for facility expansion. Calculate Skyway's current EPS and PE ratios.
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- Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 timesFor the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %Polinezo Industries' balance sheet reflects an equity of $650 million, the stock price is $90 per share, and its aggregate market value (MVA) is $60 million. Determine the common stock outstanding.
- For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place.Lei Materials' balance sheet lists total assets of $1.05 billion, $127 million in current liabilities, $435 million in long-term debt, $488 million in common equity, and 54 million shares of common stock. If Lei's current stock price is $51.38, what is the firm's market-to-book ratio?BI's income for the year ended December 31, 2021 was $ 4,000,000. This was earned evenly over the year. In addition BI paid dividends of $ 300,000 each on March 31, June 30, September 30 and December 31, 2021 to their shareholders of records on that date. The inventory on July 1, 2021 was 75% sold as of December 31, 2021. Required. For the investment in AI 1. Using IFRS 9 prepare the journal entries for DC for all of 2021. 2. Using ASPE prepare the journal entries for DC for all of 2021. For the investment in BI 3. Using IFRS prepare the journal entries for DC for 2021. 4. Using ASPE prepare the joumal entries for DC for 2021 for all options available under ASPE.
- You are computing annual earnings per share and required disclosures for Garcia Fencing based on company-provided information. Net income is $4,540,000.The weighted-average number of shares is 2,690,000. The year-end balance of outstanding shares is also 2,690,000. There are options outstanding all year to acquire 1,365,000 shares of common stock at $24 per share. The average price of the company's common stock is $39 per share. The firm has 99,000 shares of $45 par value nonconvertible, noncumulative preferred stock outstanding as of the beginning of the year. The dividend rate is $1.60 per share. The board of directors declared the annual dividend. The company is subject to a 30% tax rate. a. Based on this information, compute basic and diluted earnings per share for the current year. b. Prepare the earnings per share disclosure on the income statement beginning with net income.ViewPoint Security's financial statements, which were constructed a few days ago, report the company has $1 million of common equity with 500,000 shares of common stock outstanding and its net income was $2.1 million. If ViewPoint's common stock currently sells for $33.60 per share, what are its (a) P/E ratio and (b) M/B ratio?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.)
- 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.)Suppose that in April 2019, Nike Inc. had sales of $36,367 million, EBITDA of $5,229 million, excess cash of $5,238 million, $3,804 million of debt, and 1,583.2 million shares outstanding. a. Using the average enterprise value to sales multiple in the table here,, estimate Nike's share price. b. What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in the table above? c. Using the average enterprise value to EBITDA multiple in the table above, estimate Nike's share price. d. What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in the table above? Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Average Maximum Minimum P 23.99 +81% - 45% Print Price Book 7.46 + 193% - 83% Done Enterprise Value Sales 2.17 + 96% - 80% Enterprise Value EBITDA 19.98 + 73% - 81% XThe 2021 Balance Sheet of Eighty-Five Ltd. show a total of $100,000 in current assets, which is made up of $35,000 (cash), $15,000 (marketable securities), $20,000 (net receivables) and inventories (that make up the difference). If the company’s current liabilities for the year is $55,000, what is its quick ratio? 1.273. 0.780. 1.000. 1.875.
