The following was in the financial press pertaining to Florence Inc.: Florence Inc. stock was sold for $23 per share during its opening day of trading. Florence Inc. sold 60 million shares at its IPO.
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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 timesEcker Company reports $1,400,000 of net income and declares $196,000 of cash dividends on its preferred stock for the year. At year- end, the company had 350,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic earnings per share (EPS)? Basic Earnings per Share Choose Numerator: Choose Denominator: Basic Earnings per Share Basic earnings per shareMarigold Corp. began business by issuing 220000 shares of $5 par value common stock for $23 per share. During its first year, the corporation sustained a net loss of $42000. The year-end balance sheet would show Total paid-in capital of $3560000. Total paid-in capital of $5000000. Common Stock of $1100000. Common Stock of $5060000.
- The Castle Company recently reported net profits after taxes of $14.7 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 $121 per share. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.$_______________per share What's the stock's P/E ratio? Round the answer to two decimal places.$______________ times Determine what the stock's dividend yield would be if it paid $6.9 per share to common stockholders. Round the answer to two decimal places._______________ %The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share×total shares outstanding) of $1,332,000. Furthermore, the firm's income statement for the year just ended has a net income of $523,000, which is $0.251 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 21.18. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares?McDonnell-Myer Corporation reported net income of $1,450 million. The company had 469 million common shares outstanding at January 1 and sold 42 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $32 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
- The balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 49,300 Equity $ 404,300 Fixed assets 355,000 Total $ 404,300 Total $ 404,300 The company has announced a share repurchase of $17,400 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Richards Corporation had net income of $231,470 and paid dividends to common stockholders of $45,400. It had 58,600 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $52 per share. The price-earnings ratio is a.16.00 times b.3.95 times c.1.00 times d.13.16 timesMyrtle Corporation began the year with a simple capital structure consisting of 480,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 60,000 common shares were issued on August 1. The company had net income for the year of $589,375. Calculate the earnings per share of common stock. Round to two decimal points.
- The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?companys current balance sheet shows total common equity of $5,295,000. The company has 350,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ? (Round your intermediate and final answers to two decimal places.)The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share×total shares outstanding) of $1,300,000. Furthermore, the firm's income statement for the year just ended has a net income of $536,000, which is $0.264 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.89. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares?