Sunrise Technologies reported a net income of $3,240,000 and paid dividends of $810,000 to common stockholders last year. The weighted average number of shares outstanding was 900,000. Sunrise's common stock currently trades at $45 per share on the NYSE. Calculate Sunrise Technologies' price-earnings ratio.

Sunrise Technologies reported a net income of $3,240,000 and paid dividends of $810,000 to common stockholders last year. The weighted average number of shares outstanding was 900,000. Sunrise's common stock currently trades at $45 per share on the NYSE. Calculate Sunrise Technologies' price-earnings ratio.

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 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.
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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.
The following table shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year. Company Shares Beginning ofYear Price Dividend Per Share End of Year Price Johnson Controls 550 $73.11 $1.21 $86.02 Medtronic 400 57.77 0.45 53.71 Direct TV 700 25.14 24.59 Qualcomm 100 43.28 0.41 39.12 What is your portfolio dollar return and percentage return? (Round your answers to 2 decimal places.) Portfolio Return Dollar return: ____.__ Percentage return: _____.__%
Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Bonita Corporation's common stock is selling for $95.92 per share on the New York Stock Exchange. Bonita Corporation's price-earnings ratio is O 22.0 times. 3.5 times. O 27.6 times. O 19.4 times.
Instructions: Compute the basic and diluted earnings per share for XYZ for 2024. Round to two decimal places. Show all computations.
In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent. $ 1.79 $ 0.46 $ 2.02 $ 2.25
On the balance sheet of Bearcat Inc., you notice "Common Stock ($0.10 par)" of $248,655, "Capital Surplus" of $282,621, and "Retained Earnings" of $210,534. If Bearcat Inc. has Sales of $292,6836 and a profit margin of 30.52%, what is the price/earnings (P/E) ratio of the firm if their stock is currently selling for $21.94 per share? O None of these options are correct 67.18 54.97 240.97 61.07 DISCL
Coronado Corporation had net income of $2060000 and paid dividends to common stockholders of $296000 in 2020. The weighted average number of shares outstanding in 2020 was 1030000 shares, Coronado Corporation's common stock is selling for $30 per share on the NASDAQ. Coronado Corporation's price-earnings ratio is O2 times. O 30 times. O 15 times. Ⓒ22 times
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.