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skelet666 [1.2K]
3 years ago
10

Suppose a stock had an initial price of $92 per share, paid a dividend of $2.30 per share during the year, and had an ending sha

re price of $75.50. a. Compute the percentage total return. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the dividend yield
Business
1 answer:
RUDIKE [14]3 years ago
7 0

Answer:

(a) Percentage return = -$14.20 ÷ $92 = -15.43%

(b) Dividend Yield = $2.30 ÷ $92 = 2.50%

Explanation:

Initial price per share= $92.00

Ending share price = $75.50

Capital loss = $75.50 - $92.00  = -$16.50

Dividend = $2.30

Net return = -$16.50 + $2.30 = -$14.20

(a) Percentage return = (-$14.20 ÷ $92) × 100% = -15.43%

(b) Dividend Yield = ($2.30 ÷ $92) × 100% = 2.50%

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Who is the main character in the hatchet
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Darden restaurants received a prestigious award for its commitment to quality. which one did it​ receive?\
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Global Corp expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales
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Answer:

Global Corporation

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= $186,200,000 x (1 + 0.09) = $186,200,000 x 1.09 = $202,958,000

Forecasted Net Income = $1,745,438.80 (202,958,000 x 0.86%)

Forecasted Dividend payout = $872,719.40 ($1,745,438.80 x 50%)

Forecasted Retained Earnings = $872,719.40 = $0.87 million

Therefore Forecasted equity = Current Equity + Forecasted Retained Earnings = $22.6 ($21.7 + $0.87)

Explanation:

a) Data and Percentage Calculations:

Income Statement ($million)                           Percentage

Net Sales                                         186.2          100%

Assets Cost Except Depreciation -175.2          94.09%

EBITDA                                              11.0           5.9%

Depreciation and Amortization        -1.1

EBIT                                                    9.9

Interest Income (expense)               -7.7

Pre tax Income                                  2.2

Taxes                                                -0.6

Net Income                                        1.6            0.86%

Dividends paid       50%                  -0.8

Retained Earnings  50%                  0.8

Balance Sheet ($million)

Cash                                                    22.9

Accounts Receivable                           18.1

Inventories                                           15.1

Total Current Assets                          56.1

Net Property, Plant, and Equipment 113.6

Total Assets                                      169.7

Liabilities and Equity

Accounts Payable                             34.4

Long term Debt                               113.6

Total Liabilities                                148.0

Total Stockholders' Equity               21.7

Total Liabilities and Equity            169.7

b) The percent of sales method enables the calculation of the relationship between sales and the line figures in the income statement.  Our interest for this question, is the Retained Earnings which we use to calculate the Stockholders' Equity forecasted balance.  The retained earnings percentage to sales = Retained Earnings as given divided by the net sales figure, and then multiplied by 100.

c) To forecast the sales, we use the growth rate of 9%.  This is equal to the current sales x 1.09.  Based on this sales, it becomes possible to forecast the Retained Earnings, having established the percentage of Retained Earnings to Sales, using the percent of sales method.  We apply the established percentage of Retained Earnings to the Sales figure, to get the Retained Earnings for the forecasted period.  This is then added to the Stockholders' Equity to get the forecasted stockholders' equity.

3 0
3 years ago
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