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tatiyna
3 years ago
10

Earnings Per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Mo

narch Resources Inc. for December 31 of the current year: Common stock, $125 par value (no change during the year) $12,500,000 Preferred $6 stock, $90 par (no change during the year) 2,250,000 The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent. a. Earnings per share $fill in the blank 1 b. Price-earnings ratio fill in the blank 2 c. Dividends per share $fill in the blank 3 d. Dividend yield fill in the blank 4 %
Business
1 answer:
Mashutka [201]3 years ago
4 0

Answer:

Monarch Resources Inc.

a. Earnings per share:

= $ 11.50

b. Price-earnings ratio:

= 8x

c. Dividends per share:

= $4.60 per share

d. Dividend yield:

= 5%

Explanation:

a) Data and Calculations:

Common stock, $125 par value = $12,500,000

Number of common stock shares = 100,000 ($12,500,000/$125)

$6 Preferred stock, $90 par value = $2,250,000

Number of preferred stock shares = 25,000 ($2,250,000/$90)

Net income = $1,300,000

Dividends on the Preferred stock = $150,000 ($2,250,000/$90 * $6)

Net income after preferred dividend = $1,150,000 ($1,300,000-$150,000)

Dividends on the Common stock = $460,000

Common stock market price = $92 per share

a. Earnings per share

= Net income after preferred dividend/number of shares

= $1,150,000/100,000

= $ 11.50

b. Price-earnings ratio:

= Market price/EPS

= $92/$11.50

= 8x

c. Dividends per share:

= Common stock dividends/number of common stock shares

= $460,000/100,000

= $4.60 per share

d. Dividend yield:

= Market price/Dividend per share

= $4.60/$92 * 100

= 5%

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Based on the corporate valuation model, gray entertainment's total corporate value is $1,150 million. the company's balance shee
vagabundo [1.1K]

Answer:

$26.67 million

Explanation:

The computation of price per share is shown below:-

Total market value = $1,150 million + $120 million

= $1,270 million

Market value of equity = Total market value - value of debt - value of preferred stock

= $1,270 million - ($120 million + $300 million + $50 million)

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= $800 million

Price per share = Market value of equity ÷ Stock outstanding

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= $26.67 million

5 0
3 years ago
1.Explain mountain tourism?<br>2.Explain inland tourism?​
gulaghasi [49]
1. Mountain Tourism is a type of "tourism activity which takes place in a defined and limited geographical space such as hills or mountains with distinctive characteristics and attributes that are inherent to a specific landscape, topography, climate, biodiversity (flora and fauna) and local community.


2.
Inland trips means trips to the part of the country away from the coast, without specifying who is taking those trips. Such trips may let the world know about your country, or they may not.

Foreign trips. on the other hand, is fatally ambiguous. It can mean, and has been taken by others here to mean, trips by foreigners to your country, which would be what is asked for. But technically, a foreign trip is just a trip to a foreign country and the trip-takers should be presumed to be your fellow-countrymen; if they travel abroad, that would give them information about the world, not the other way about.

So the choice is between a bad answer and a very bad answer. I would say inland is less bad, but if the examiner thinks one choice is correct, you need to know how he thinks, not how the English language works.


I hope some of that may help I found it off the web.. sorry if it dosent
7 0
3 years ago
Starbucks' efforts to expand its distribution beyond traditional outlets, including other restaurant chains, hotels, airlines, u
sweet-ann [11.9K]

Answer: False

Explanation:

Starbucks efforts to expand have yielded fruit as it is now more accessible to its ever increasing customer base which is as a result of the brand's recognition and reputation.

They are now more successful as a result and this is proven by the fact that Starbucks revenue has been rising since 2013 from around $14 billion to $26.5 billion in 2019.

8 0
3 years ago
if for a certain market the quantity demanded is 200 units and the quantity supplied is 250 units. Then, there is:
grin007 [14]
There is a surplus, as you can see, the quantity supplied is more than the quantity demanded.
4 0
3 years ago
Read 2 more answers
Which of these statements is correct with regard to the implementation of marketing objectives?
xz_007 [3.2K]

Answer:

B). A lot of ongoing communication is involved when executing a plan.

Explanation:

The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. <u>Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully</u>. Thus, <u>option B</u> is the correct answer.

3 0
2 years ago
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