Materials, Inc. generated net income of $360,000. The number of outstanding shares was 120,000. The dividend...
Materials, Inc. generated net income of $360,000. The number of outstanding shares was 120,000. The dividend payout was 20%. What was the earnings per share?
Homework Answers
Earnings per Share = Net Income/Number of shares outstanding
Earnings per share = $360,000/120,000
Earnings per share = $3/share
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Materials, Inc. generated net income of $360,000. The number of
outstanding shares was 120,000. The dividend...
Use the following information to answer questions 14- 16 Stephens Corp. has 14,000 shares of common stock outstanding. During the year, Stephens has a net income of $56,000 and pays a dividend of...
Use the following information to answer questions 14- 16 Stephens Corp. has 14,000 shares of common stock outstanding. During the year, Stephens has a net income of $56,000 and pays a dividend of $2.40 per share. The market price for the common stock is $48.00 per share 14. What is the dividend payout ratio? 15. What is the dividend yield ratio? 16. What is the price-earnings ratio?
Use the following information to answer questions 14- 16 Stephens Corp. has 14,000...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding 300 The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $35.91. 2. How...
9) Craigco had Net Profit of $450,000 in 2019 with 120,000 outstanding shares. On January 15...
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5. Graham, Inc. began 2017 with 25,000 common shares outstanding and issued a 20% stock dividend...
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Zippy Company has 50,000 shares of stock outstanding and projects the following net income over the...
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41. Consider the following data for Athens Associates, Inc.: Shareholders' equity $945,000 Number of shares outstand...
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"Sunland Company had net income for Year 18 of $611000. The average number of shares outstanding...
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If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend...
If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend of $ 292 ,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares of stock outstanding?The companys earnings per share are If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend of $ 292 ,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares...
Skysong, Inc. had net income of $1601000 and paid dividends to common stockholders of $320200 in...
Skysong, Inc. had net income of $1601000 and paid dividends to common stockholders of $320200 in 2022. The weighted average number of shares outstanding in 2022 was 960600 shares. Skysong, Inc.'s common stock is selling for $60 per share on the NASDAQ. Skysong, Inc.'s payout ratio for 2022 is 5%. 17%. $5 per share. 20%.
Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net...
Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $520,000. Primus has 50,000 shares of common stock outstanding. Sonston reports net income of $120,000 for the period with 40,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $15.00 per share. The value of this stock was $30 per share throughout the year. Primus owns...
Use the following information to answer questions 14- 16 Stephens Corp. has 14,000 shares of common stock outstanding. During the year, Stephens has a net income of $56,000 and pays a dividend of $2.40 per share. The market price for the common stock is $48.00 per share 14. What is the dividend payout ratio? 15. What is the dividend yield ratio? 16. What is the price-earnings ratio?
Use the following information to answer questions 14- 16 Stephens Corp. has 14,000...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding 300 The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $35.91. 2. How...
9) Craigco had Net Profit of $450,000 in 2019 with 120,000 outstanding shares. On January 15 2020 they issued 30,000 new shares and their net profit increased by 20%. a) Calculate EPS for 2019 and 2020 b) Assuming they issued $50,000 in dividends each year, calculate the payout ratio for 2019 and 2020. How much did retained earnings increase each year? c) If the share price is $45.15 in 2019 and $50.25 in 2020 calculate the price earnings ratio. Explain...
5. Graham, Inc. began 2017 with 25,000 common shares outstanding and issued a 20% stock dividend on August 1. The company issued 6,000 shares on December 1. Graham also has 18,000 shares of 9%, $20 par, cumulative preferred stock outstanding on which no dividends have been paid during 2017. Net income for 2017 was $175,600. (10 Points) Required: Compute Graham, Inc.'s basic earnings per share for 2017.
41. Consider the following data for Athens Associates, Inc.: Shareholders' equity $945,000 Number of shares outstanding 500,000 Cash dividends $150,000 Market price of each share $9.50 Net income $433,000 Calculate book value per share, dividend yield, dividend payout, and market-to-book ratio.
Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $520,000. Primus has 50,000 shares of common stock outstanding. Sonston reports net income of $120,000 for the period with 40,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $15.00 per share. The value of this stock was $30 per share throughout the year. Primus owns...
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