Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Year 2 Year 1 $ 400,000 60,000 654,000 $ 400,000 60,000 630,000 $ 1,114,000 $ 1,090,000 Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice о 5.70 4.53 0.38 8.11

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Year 2 Year 1 $ 400,000 60,000 654,000 $ 400,000 60,000 630,000 $ 1,114,000 $ 1,090,000 Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice о 5.70 4.53 0.38 8.11

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 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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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. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
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.)
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