5 . Quality Streets (Private) Limited has the following stock movements in May2021.Opening stocks500 units PKR 03 eachPurchases1,100 units @PKR 3.20 each400 units @ PKR4.00 each1,600 units @ PKR 4.40 each3,200 units @ PKR 7.50SaleseachIt is estimated that sale price will be PKR 8.50 per unit at the month endwhereas selling expenses and other expenses to complete will be PKR 0.75 perunit and PKR 1.25 per unit respectively. Compute the cost of goods sold andvalue at which the ending inventory will be recorded at the end of May 2021using a weighted average stock valuation base

Lets understand the basics. For inventory valuation, there are various methods follows which are,…

Answered: . Quality Streets (Private) Limited has…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Similar questions

The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
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 market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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.)
(a) Calculate current Ratio and Quick Ratio from the followinginformation:Total Assets Rs. 350000Fixed Assets Rs. 175000Investment Rs. 70000Fictitious Assets Rs. 5000Share holders fund Rs. 200000Long term Debts Rs. 100000Inventory Rs. 45000(b) From the following information calculate the stock turnoverratio.Sales Rs. 200000, G.P 25% on cost, Opening Stock was 1/3rd of thevalue of closing stock. Closing stock was 30% of sales
The balance sheets for Larry underwood motors shows a book value of stockholders equity book value per share x total shares outstanding of $1349000. Furthermore the firms income statement for the year just ended has a net income of $598000, which is $0.285 per share of common stock outstanding. The price earnings ratio for firms similar to underwood motors is 18.71. A. What price would you expect underwood motors shares to sell for ? The market price per share is $ round to the nearest cent.
Commons, Inc. provides the following information for 2018: Net income $ 38 comma 000$38,000 Market price per share of common stock $ 18.00$18.00/share Dividends paid $ 0.85$0.85/share Common stock outstanding at Jan. 1, 2018 120 comma 000120,000 shares Common stock outstanding at Dec. 31, 2018 170 comma 000170,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.) A. 4.964.96% B. 3.283.28% C. 4.724.72% D. 1.441.44%
Using the information for Blue Northern Clothing Company presented in the table below, determine the following: Price-earnings ratio. The number of shares bought and sold on this trading day. Amount of income per share paid to a stockholder in the last 12 months. Additional Resources Year-to-Date % Change 1.92% EPS $1.79 52-Week Hi $58.59 PE Ratio 17.92 52-Week Lo $21.21 Volume 2,430,000 Dividend $0.83 Close Price $32.07 Yield Percentage 2.59% Net Change 1.74 1. Price-earnings ratio: 2. Number of shares: 3. Amount of income:
In January 2021, Tesla Inc shares were priced at $860. The value of the company at that stock price was $810 billion. The reported price earnings ratio TTM (Trailing Twelve Month) ratio in the Financial Times at that date was 1,693. At the same date, Volkswagen (VW) was worth €89 billion and had P/E (TTM) of 18. In January 2021, 15 of the 25 investment analysts following Tesla had buy or hold ratings on the stock and 10 had sell. In finance terms, how can you justify Tesla’s stock price? It is a growth stock, but how can you pay that price for growth?
Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $3.70 per share, and the current price of its common stock is $76 per share. The expected growth rate is 7 percent. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. Compute the cost of retained earnings (Ke). Cost of retained earnings % b. If a $7.0 flotation cost is involved, compute the cost of new common stock (Kn). Cost of new common stock %
Use the following information for Short Exercises S15-6 through S15-10. Accel’s Companies, a home improvement store chain, reported the following summarized figures: Accel’s has 10,000 common shares outstanding during 2018. Computing EPS and P/E ratio Requirements Compute earnings per share (EPS) for 2018 for Accel’s. Round to the nearest cent. Compute Accel’s Companies’ price/earnings ratio for 2018. The market price Per share of Accel’s stock is $12.50. What do these results mean when evaluating Accel’s Companies’ profitability?
Answer the Question based on the data given below; OPENING STOCK OMR 25000 CLOSING STOCK OMR 35000 NET PURCHASES OMR 130000 MANUFACTURING EXPENSES OMR 30000 What will be the average stock? a. OMR 5000 b. OMR 30000 c. OMR 60000 d. OMR 50000

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