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KonstantinChe [14]
3 years ago
6

On December​ 31, Sulfur Corporation has the following data​ available: Net Income $ 140 comma 000 Market price of one share of c

ommon stock $ 6 Preferred dividends 40 comma 000 Weightedminusaverage number of shares of common stock outstanding 20 comma 000 shares Total common​ stockholders' equity at the beginning of the year 370 comma 000 Total common​ stockholders' equity at the end of the year 300 comma 000 What is the priceminusearnings ​ratio?
Business
1 answer:
GarryVolchara [31]3 years ago
7 0

Answer:

Earnings per share

= <u>Net income - Preferred dividend</u>

 No of common stocks outstanding

= <u>$140,000 - $40,000</u>

   300,000 shares

= $0.33 per share

Price-earnings ratio

= Market price per share

 Earnings per share

=  <u>$6.00</u>

   $0.33

= 18

Explanation:

There is need to calculate earnings per share, which is net income minus preferred dividend divided by number of common stocks outstanding at the end of the year. Finally, we will calculate price-earnings ratio, which is the ratio of market price per share to earnings per share.

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Answer:

$200,000

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The Journal Entry for the transaction is as follow:

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Which of the following categories of persons are usually notentitled to healthcare at the government's expense?
Alika [10]

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The correct answer is letter "A": Suspects who are being questioned by police.

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The Vogt corporation paid a dividend of $4.20 on its stock in the year just ended. If the dividends are projected to grow at a r
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Answer:

cost of equity = 13%

Explanation:

With the info given, we will use cost of equity formula from Dividend Growth Model. THis is given by:

k_e=\frac{D_1}{P_0}+g

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