A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $591,000 92,000 34.000 $44.04 a. Determine the company's earnings per share on common stock. b. Determine the company's price-earnings ratio. Round to one decimal place.

A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $591,000 92,000 34.000 $44.04 a. Determine the company's earnings per share on common stock. b. Determine the company's price-earnings ratio. Round to one decimal place.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.11BE: Earnings per share and price-earnings ratio A company reports the following: Net income 410,000...

See similar textbooks

Similar questions

Earnings per share and price-earnings ratio A company reports the following: Net income 410,000 Preferred dividends 60,000 Shares of common stock outstanding 50,000 Market price per share of common stock 84 A. Determine the company's earnings per share on common stock. B. Determine the company's price-earnings ratio. (Round to one decimal place.)
Common stockholders' profitability analysis A company reports the following: Net income 1,000,000 Preferred dividends 50,000 Average stockholders' equity 6,250,000 Average common stockholders' equity 3,800,000 Determine (A) the return on stockholders equity and (B) the return on common stockholders' equity. (Round percentages to one decimal place.)
Earnings per share and price-earnings ratio A company reports the following: a. Determine the companys earnings per share on common stock. b. Determine the companys price-earnings ratio. Round to one decimal place.
Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation: Required: Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)
RATIO ANALY SIS OF COMPARATI VE FIN ANCIAL STATE MENT S Refer to the financial statements in Problem 24-8A. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places): (a) Return on assets (Total assets on January 1, 20-1, were 175,750.) (b) Return on common stockholders equity (Total common stockholders equity on January 1, 20-1, was 106,944.) (c) Earnings per share of common stock (The average numbers of shares outstanding were 8,400 shares in 20-1 and 9,200 in 20-2.) (d) Book value per share of common stock (e) Quick ratio (f) Current ratio (g) Working capital (h) Receivables turnover and average collection period (Net receivables on January 1, 20-1, were 39,800.) (i) Merchandise inventory turnover and average number of days to sell inventory (Merchandise inventory on January 1, 20-1, was 48,970.) (j) Debt-to-equity ratio (k) Asset turnover (Assets on January 1, 20-1, were 175,750.) (l) Times interest earned ratio (m) Profit margin ratio (n) Assets-to-equity ratio (o) Price-earnings ratio (The market price of the common stock was 100.00 and 85.00 on December 31, 20-2 and 20-1, respectively.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)