1. Mayan Company had net income of $34,830. The weighted-average common shares outstanding were 8,600. The...
1. Mayan Company had net income of $34,830. The weighted-average common shares outstanding were 8,600. The company has no preferred stock. The company's earnings per share is:
Multiple Choice
-
$4.11.
-
$3.99.
-
$5.00.
-
$1.17.
-
$4.05.
2. A company has net income of $875,000; its weighted-average common shares outstanding are 175,000. Its dividend per share is $1.20, its market price per share is $103, and its book value per share is $98.50. Its price-earnings ratio equals:
Multiple Choice
-
4.50.
-
20.60.
-
19.70.
-
3.30.
-
5.70.
3. A company paid $0.56 in cash dividends per share. Its earnings per share is $4.28 and its market price per share is $29.00. Its dividend yield equals:
Multiple Choice
-
14.76%.
-
1.93%.
-
13.08%.
-
7.64%.
-
5.18%.
Homework Answers
| 1. | |
| Earnings per share = Net income / Weighted average common shares outstanding = 34830 / 8600 | 4.05 |
| 2. | |
| Earnings per share = Net income / Weighted average common shares outstanding = 875000 / 175000 | 5 |
| Price-earnings ratio = Market price per share / Earnings per share = 103 / 5 | 20.60 |
| 3. | |
| Dividend yield = Cash dividend per share / Market price per share = 0.56 / 29.00 | 1.93% |
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