1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
3 years ago
13

Makers Corp. had additions to retained earnings for the year just ended of $248,000. The firm paid out $187,000 in cash dividend

s, and it has ending total equity of $4.92 million. The company currently has 150,000 shares of common stock outstanding. a. What are earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the stock currently sells for $80 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) f. If the company had sales of $4.74 million, what is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
andre [41]3 years ago
5 0

Answer:  

(a.) Earning per share = \frac{Retained earning + dividend paid out }{common stock}

Earning per share = \frac{248000 + 187000 }{150000}

Earning per share = $2.90 per share

(b.) Dividend per share = \frac{Dividend paid out }{common stock}

Dividend per share =  \frac{187000}{150000}

Dividend per share = $ 1.25 per share

(c.) Book value per share =  \frac{Book value of equity }{common stock}

Book value per share =  \frac{4920000 }{150000}

Book value per share = $32.80 per share

(d.) Market to book ratio = \frac{Market price per share }{Book value per share}

Market to book ratio = \frac{80}{32.80}

Market to book ratio = $2.44 per share

(e.) Price - earning ratio = \frac{Market price per share }{Earning per share}

Price - earning ratio =  \frac{80}{2.90} = 27.59 times

(f.) Price sales ratio = \frac{Market price per share }{sales per share}

Price sales ratio = \frac{80}{\frac{4740000}{150000} } = \frac{80}{31.60} = 2.53 times

You might be interested in
Congressman Smith and Congresswoman Johnson both consider themselves advocates for the national parks and are introducing differ
Hunter-Best [27]

Answer:

Congressman Smith's bill because it will reduce the overuse of the parks

Explanation:

When people use the park, their activities are more likely to create some sort of degradation to the parks quality. For example, children can spoil their drinks and foods there, pulling out the grass, destroying the land while playing sports, etc.

As the price of a certain product increase, the demand for that product would decrease. Increasing the entrance fees will lead  lesser amount of people who enter the park. This will minimize the degradation process

6 0
2 years ago
The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because th
NISA [10]

Answer:

has specific risk

Explanation:

Standard deviation is a measure of central tendency. It measures the variation of data from a central value. As such variables with high standard deviation have values far from the central value while standard deviation close to the central value is low.

So when individual stocks have higher standard deviation it means prices are less stable than that of market portfolio.

This can be attributed to them having specific risk. The market is not subject to diversification risk so prices tend to fluctuate less

6 0
3 years ago
What is a good camera for vlogging and how much does it cost? I'm looking something for 1,000 and under.
kozerog [31]

Answer:

EOS M50 Mark II EF-M 15-45mm f/3.5-6.3 IS STM Lens Kit Black

search it

5 0
2 years ago
Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a
Marrrta [24]

Answer:

The interest payable on the loan is $5,000,option C

Explanation:

The interest is the cost incurred by the company for borrowing the $500,000 since no one is willing to part with their cash in loan agreement except that they have something in return.

The company has taken custody amount for 2 months (from November 1 2021 to 31 December 2021),hence it should recognized an interest payable for 2 months,which is computed thus:

interest payable=$500,000*6%*2/12=$5,000

7 0
3 years ago
On May 1, 2018, Varga Tech Services signed a $75,000 consulting contract with Shaffer Holdings. The contract requires Varga to p
kenny6666 [7]

Answer:

Varga should recognize $50,000 revenue in 2018.

Explanation:

Revenue = $75,000 × 8/12 months

                = $50,000

Therefore, Varga should recognize $50,000 revenue in 2018.

7 0
3 years ago
Other questions:
  • The investment component of GDP measures spending on__________
    13·1 answer
  • A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future finan
    9·1 answer
  • &&&
    15·2 answers
  • Golddigger services inc. provides services to clients. on may 1, a client prepaid golddigger services $65,000 for 6-months servi
    13·1 answer
  • If you move, how many days do you have before you must report your change of address to the department of public safety?
    10·1 answer
  • During December, Mainzel Interior Design Corporation redecorated the reception areas of a local hotel. The project was completed
    10·1 answer
  • The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives eac
    13·1 answer
  • Why might a business conduct a life cycle assessment?
    6·1 answer
  • A temporary work authority is granted and valid up to ________ days after being issued.
    14·1 answer
  • Quizlet while most european countries are comparable to the united states in terms of the number of women in managerial position
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!