(Working with the income statement) If the Marifield Steel Fabrication Company earned $463,000 in net income and paid a cash dividend of $280,000 to its stockholders, what are the firm's earnings per share if the firm has 103,000 shares of stock outstanding? The company's earnings per share are? round nearest cent

(Working with the income statement) If the Marifield Steel Fabrication Company earned $463,000 in net income and paid a cash dividend of $280,000 to its stockholders, what are the firm's earnings per share if the firm has 103,000 shares of stock outstanding? The company's earnings per share are? round nearest cent

Name: (Working with the income statement) If the Marifield Steel Fabricati
Uploaded: 2022-11-04T13:36:16.000Z
Channel: Bartleby
Description: (Working with the income statement) If the Marifield Steel Fabrication Company earned$463,000in net income and paid a cash dividend of$280,000to its stockholders, what are the firm's earnings per share if the firm has103,000shares of stock outst

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...

See similar textbooks

Related questions

Q: Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000,…

A: Earning per share is ratio of net income left for common share holders and the outstanding shares.…

Q: Griffins Goat Farm, Inc., has sales of $671,000, costs of $333,000, depreciation expense of $77,000,…

A: Total Dividend Paid $ 44,500.00 No. of Shares 28,000.00 Tax Rate 24% Sales…

Q: National City Bank has 704,800,000 shares of common stock outstanding that are currently selling for…

A: Given data; number of shares = 704,800,000 current share price = $ 59.85 Net income = $…

Q: A firm has a market value equal to its book value. Currently, the firm has excess cash of $11,500…

A: Share price after declaration of dividend is the price which has been adjusted for the dividend…

Q: As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements,…

A: To calculate the earnings per share (EPS) of Bozo Oil's common stock, we need to divide the…

Q: Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $1,275…

A: The share price refers to the amount that an investor is willing to pay to acquire one unit of…

Q: Dellf’s has a profit margin of 3.8 percent on sales of $287,200. The firm currently has 5,000 shares…

A: Given: Profit margin = 3.8% Sales = $287,200 Number of shares = 5,000 Market price = $7.11 per share

Q: Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit…

A: Return on Invested capital is the return or net income after taxes earned on the invested capital…

Q: (Use cells A6 to B12 from the given information to complete this question. Output area: Income…

A: Data as computed: Net income=$278,870 Cash dividend paid=$125,000 No. of common stock…

Q: ne company's total sales are million. (Round to one decimal

A: Dupont analysis refers to the framework established by the Dupont corporation for analyzing the…

Q: In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440…

A: Given that the net income in the current year is $80 millionRetained earnings in the current year is…

Q: Your firm has net income of $210,000. The number of outstanding shares of common stock is 140,000.…

A: Common stockholders are considered as the owner of the company to which a regular income is provided…

Q: ce-eamin a. What price would you expect Underwood Motors shares to sell for? b. What is the book…

A: Information Provided: Book value = $1,319,000 Net Income = $586,000 Earnings per share = $0.306 P/E…

Q: earnings per share

A: Dividends are paid out to shareholders from the net income of the firm. However, various…

Q: firm earns $895 million in profits and pays $626 million in dividends for the year. The firm has…

A: The earnings per share is calculated as net income divided by number of issued and outstanding…

Q: Suppose Rocky Brands has earnings per share of $2.30 and EBITDA of $30.7 million. The firm also has…

A: Stock value using P/E ratio = P/E * EPS.Value of Rock Brand using P/E ratio = Stock value using P/E…

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $605…

A: Retained earnings are the cumulation of net income that remains after paying the dividends to the…

Q: A firm has ales revenue and net income during the current year of $500,000 and $60,000,…

A: Sales revenue = $500,000Net income = $60,000Stockholder's equity = $600,000 Share outstanding =…

Q: Need help please

Q: ABC's Net Income this year was $20,650,000 and there were 19.5 million shares outstanding. If the…

A: Given, Net Income = $20650000 Shares Outstanding = 19500000

Q: peggy greys cookies has a net income of $410. the firm pays out 37 percent of the net income to its…

A: Cash flow to stakeholders are also known as cash flow to the shareholders. A company has various…

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $880…

A: STEP 1 Dividends are payments made to a category of owners from a company's earnings that are…

Q: (DuPont analysis) Dearborn Supplies has total sales of $197 million, assets of $109 million, a…

A: Total Sales = s = $197 millionAssets = a = $109 millionReturn on Equity = roe = 34%Net Profit Margin…

Q: The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book…

A: Shareholders/ Owner’s equity: The shareholders are the owners of the company and the shareholders…

Question

Practice Pack

OFFON

(Working with the income statement) If the Marifield Steel Fabrication Company earned

$463,000

in net income and paid a cash dividend of

$280,000

to its stockholders, what are the firm's earnings per share if the firm has

103,000

shares of stock outstanding?

The company's earnings per share are? round nearest cent

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

Includes step-by-step video

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Learn your way

Includes step-by-step video

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

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.)
#1
Suppose a firm pays total dividends of $456,000 out of net income of $1.9 million. What would the firm’s payout ratio be? (Round your answer to 2 decimal places.)
Financial Accounting
A company paid P0.48 in cash dividends per share. Its earnings per share is P3.20 and its market price per share is P20.00. Its dividend yield equals to what? A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is P1,470,000, and the par value per common share is P5. What will be the book value per share?
Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the firm’s payout ratio be?
Ziggy Inc., has sales of $817,000 costs of $343,000, depreciation expense of $51,000, interest expense of $38,000 and tax rate of 35%. What is the net income of the firm? Suppose the firm paid out $95,000 in cash dividends. What is the addition to retained earnings? Suppose the firm had 90,000 shares of common stock outstanding. What is the earnings per share? What is the dividends per share figure?
(Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,375,000. Furthermore, the firm's income statement for the year just ended has a net income of $543,000, which is $0.272 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 19.17. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is $ (Round to the nearest cent.)
Your firm has net income of $210,000. The number of outstandingshares of common stock is 140,000. The dividend payout ratio is40%.What is the amount of the dividends per share?
A company had additions to retained earnings for the year just ended of Br. 275,000. The firm paid out Br. 150,000 in cash dividends from current earnings, and it has ending total equity of Br. 6 million. If the firm currently has 125,000 shares of common stock outstanding, what are earnings per share? Dividends per share? Book value per share? If the stock currently sells for Br. 95 per share, what is the market-to-book ratio? And, the price-earnings ratio?
Suppose a firm pays total dividends of $35,000 out of net income of $200,000. What would the firm's payout ratio be?