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
aleksandrvk [35]
3 years ago
13

The following data is available for Everest Company:

Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

 

c. Average Stockholder's equity =   (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity =  Net income / Average stockholder's equity = $112 / $525 = 21.33%  

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income                            $112

Less: Ending retained earnings   -<u>$366</u>

Dividends                                        <u>$92</u>

You might be interested in
_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f
zysi [14]

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0
3 years ago
Jeff and Rhonda are married and have two children, Max and Jen. Max is 20, attends college in the Los Angeles area full-time, an
Rufina [12.5K]

The nuclear family .

Explanation:

This is because every extended family has a link with their relation. They need to build their home.

6 0
3 years ago
The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne
zhannawk [14.2K]

Answer:

To plan effective strategies and specific tactics to accomplish the strategic objectives

Explanation:

Since the company has conducted situational analysis and chosen its marketing goals the next logical step is to plan effective strategies and specific tactics to accomplish the strategic objectives. Both situational analysis and marketing goals are needed in order to understand who to target and what to aim for. Once a company has this, they need to plan a course of action in order to accomplish those goals as effectively as possible.

3 0
2 years ago
Retailers may use online liquidators to address the problem of ________. A) distressed inventory B) shopping cart abandonment C)
Verizon [17]

Answer:

The correct answer is the option A: distressed inventory.

Explanation:

To begin with, in the field of business management and marketing as well, the term of "distressed inventory" refers to the situation where the company has for a long time its products that are not being sell and for that reason the inventory is getting stuck in the business without obtaining profits from that situation. Therefore that in order to address that problem the marketing department alongside with the head manager should start online liquidators to increase the number of sales of those products.

4 0
3 years ago
After you open your new business is not the best time to
Alexxandr [17]

C. Conduct a research on your product.

You should have already done the research by this stage

6 0
3 years ago
Read 2 more answers
Other questions:
  • ​Investments, Inc., began by issuing common stock for cash of $260,000. The company immediately purchased computer equipment on
    8·1 answer
  • A credit to a liability accounta.indicates an increase in the amount owed to creditors.b.indicates a decrease in the amount owed
    13·2 answers
  • "at a certain driver's license testing station only 40% of all new drivers pass the behind-the-wheel test the first time they ta
    12·1 answer
  • Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .
    7·1 answer
  • The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3
    11·1 answer
  • Do the following functions exhibit increasing, con- stant, or decreasing returns to scale? What happens to the marginal product
    12·1 answer
  • An efficient market reflectsA) only historical information.B) only the information related to events that have already occurred.
    10·1 answer
  • Employees at Between the Rounds believe that the company is fair to all employees, regardless of their age, gender, race, ethnic
    14·1 answer
  • George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?.
    8·1 answer
  • Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!