The financial statements of Trail Apparel include the following selected data (in millions):($ in thousands, except stock price) 2021Sales$Net incomeDividendsStockholders' equity, end of yearShares outstandingAverage stock price$1. Return on equity %2. Dividend yield %3. Earnings per share4. Price-earnings ratio728,72016,1004,320244,15047,0005.502020$ 752,85814,4203,320231,45036,0004.10Required:Calculate the following amounts for 2021: (Round 'Earning Per Share' to 2 decimal places.)

RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…

Answered: The financial statements of Trail…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prag Co. reported the following financial data for its most current year: Beginning-of-year common stock $80,000 Beginning-of-year retained earnings 175,400 Net income 32,250 Dividends paid 8,500 Issuance of common stock 15,000 Compute Prag's end-of-year total stockholders' equity.
The following financial information is available for Blue Spruce Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income Payout ratio 2022 Return on common stockholders' equity $3,000 276 38 500 2021 2022 $3,200 616 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) 38 550 % % 2021 % %
Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. Common Stock, $1 par, 60,000 shares issued and outstanding Additional Paid-In Capital December 31, 2020 $ 60,000 36,000 24,000 March 31, 2021 $ 60,000 36,000 24,000 Retained Earnings. Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2…
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Selected financial data for DC Menswear is provided as follows: ($ in millions except share data) Sales $14,826 Net income $1,190 Stockholders’ equity, beginning $3,800 Stockholders’ equity, ending $4,200 Average shares outstanding (in millions) $620 Dividends per share $1.20 Stock price, ending $23.13 Required: Calculate the following ratios for DC Menswear. (Enter "Net income" and "Average stockholders' equity" answers in millions (i.e., 5,000,000 should be entered as 5). Round your answers to 2 decimal places.) DC Menswear Return on Equity ÷ = Return on equity Dividend Yield Dividend yield Price-Earnings Ratio Price-Earnings Ratio
Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price Required: 1-a. Calculate earnings per share in 2023 and 2024. 1-b. Did earnings per share increase in 2024? 2024 $156 $23 300 $11.87 2023 $188 $18 400 $10.82
A company reports the following: Net income $163,510 $12,110 Preferred dividends Shares of common stock outstanding 20,000 Market price per share of common stock $169.95 Determine the company's price-earnings ratio. Round your answer to two decimal places.
Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 9% $1,800,000 364,000 Preferred $5 stock, $50 par Common stock, $6 par 1,583,400 Income before income tax expense was $664,200, and income taxes were $100,000 for the current year. Cash dividends paid on common stock during the current year totaled $92,365. The common stock was selling for $14 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield 00000 %
The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures. Total assets $330000 Stockholders' equity-common 210,000 Total stockholders' equity 298,000 Sales revenue 110,000 Net income 20,600 Number of shares of common stock 7,500 Common dividends 4,700 Preferred dividends 8,300 What is Windsor's payout ratio? a. 8%. b. 22.82%. c. 16%. d. 36%.
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