Ale Corporation had net income of $2,040,000 and paid dividends to common stockholders of $400,000 in 2020. The weighted average number of shares outstanding in 2020 was 600,000 shares. Ale Corporation's common stock is selling for $82 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is a. 3.2 times. b. 16.0 times. C. 19 times. d. 12.7 times

Q: The financial statements of Friendly Fashions include the following selected data (in millions): ($…

A: The following calculations are done in the records of Friendly Fashions for the year 2021.

Q: COVID's apparel has total assets of P800,000, current liabilities of P150,000, and long-term…

A: There are two types of stock which are issued by a firm. One is the preference stock and other is…

Q: At year end, National Corporation balance sheet showed total assets of P70,000,000, total…

A: The Price Earnings Ratio is calculated by dividing Current Market Price per share by Earnings per…

Q: Marshall Company had 80,000 ordinary shares outstanding in January 2020. The entity distributed a…

A: Stockholder’s equity is a part of balance sheet which shows the total owner’s equity that is…

Q: Vaughn Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2020. Expenses…

A: Definition of EPS: EPS stands for Earnings per share it is to be calculated Net income divided by…

Q: The following data is available for the years ended 2020 and 2021 for Bunting Company.…

A: Market Ratios: The financial measurements used to assess the value of the stocks of publicly listed…

Q: Vaughn Corporation had net sales of $2,413,000 and interest revenue of $34,000 during 2020. Expenses…

A: Formula: Net income = Revenues - Expenses

Q: Sheridan Corporation had net income of $470000 and paid dividends to comman stackholders of $34780…

A: Formula: Payout ratio = ( Dividends paid / Net income ) x 100 Division of net income with Dividends…

Q: Use the following information for the next two items: Sheeva Corp. had P600,000 net income in 2020,…

A: Basic EPS is the earnings per share calculated by dividing Net Income attributable or available to…

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 840 million shares of…

A: Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per…

Q: Coronado Corporation had net income of $2060000 and paid dividends to common stockholders of $296000…

A:

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferred Dividend         = No. of share x Par value per share x rate of dividend…

Q: During 2020, ABC Co. had net income of $900,000. The company has 20,000 shares of 5%, $100 par,…

A: Basic EPS is calculated by dividing the net income by total number of outstanding shares.Diluted EPS…

Q: Nash Corporation had net sales of $2,401,300 and interest revenue of $36,200 during 2020. Expenses…

A: Under Multi-Step Income Statement, All the line items are required to be shown in the specific…

Q: Prepare a condensed multiple-step income statement for Brisky Corporation. (Round earnings per share…

A: Solution:- Given,  Brisky corporation had net sales = $2,400,000 Interest revenue = $31,000 Selling…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: There are two methods of calculation of payout ratios 1) outstanding share method (DPS/EPS) *100 2)…

Q: Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: Kingbird Corporation had net sales of $2,413,600 and interest revenue of $37,500 during 2020.…

A: An income statement is a part of a financial statement that is prepared to represent the performance…

Q: In 2020, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred stock…

A: Earnings per share = (Net income - Preferred dividend) / weighted average of common shares…

Q: For 2020, the annual earnings for Eveready Security Equipment were $6,800,000. The corporation has…

A: A ratio that provides information regarding the share price of a company by relating it to the…

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A: Price-earnings ratio = Market price per share / Earnings per share where, Earnings per share = Net…

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A: A multistep income statement is the income statement which computes income at various stages like…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: Introduction: Dividend payout ratio: This ratio tells the how much dividend is distributed with its…

Q: Larkspur Corporation earned $2,859,000 during 2020. The company had a weighted-average of 533,000…

A: Number of shares to be issued in lieu of warrants  =  50,000 warrants2 warrants for one share =…

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The price earning ratio is considered as the relationship between stock price and earnings per…

Q: Culver Corporation reported net income of $282,540 in 2020 and had 45,000 shares of common stock…

A: Net Income:$282,540 Outstanding shares: 45,000 Convertible instruments: 10,400(5200*2)(for every…

Q: Snow Cleaners, Inc., had net income of $493,600 for its year ended December 31, 2018. During the…

A: Earning Per Share is the amount of total earning of the firm in a financial year, available to…

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Q: At the end of 2021, PT. Wardah International announced a gross profit of $1 million. The costs…

A: earnings available for common stockholders = Net income  - preferred Dividend

Q: Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020.…

A: Income statement: It tells the net profit / ( loss ) of the company in a particular period  All the…

Q: Sendee Company's retained earnings on December 31, 2020 was $2,150,000 and its shareholders' equity…

A: NET INCOME = $250,000 LESS : CASH DIVIDEND = $75,000 1. BALANCE INCOME TRANSFERRED TO RETAINED…

Q: Oman Company has 1,500 shares of stock outstanding. The price-earnings ratio for 2018 is 21. If the…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: Spring Inc. reports the following information: Net income:  $750,000 Dividends on common shares:…

A: 7) Earning per share = (Net income - Preferred dividend)/Average number of common shares outstanding…

Q: Culver Corporation reported net income of $338,240 in 2020 and had 50,400 shares of common stock…

A:

Q: At December 31, 2017 and 2018, Funk and Noble corporation had outstanding 760 million shares of…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses…

A: Brisky Corporation Single step Income Statement For the Year Ended December 31, 2020…

Q: On January 1, 2020, a company issued 10-year, $330,000 face value, 7% bonds, at par. Each $1,000…

A: Potential common stock = (Face value of bonds / par value per bond) x convertible  ratio = ($330,000…

Q: Marin Company’s net income for 2020 is $691,000, and 91,000 shares of common stock were issued and…

A: Calculation of number of free shares issued under case (a) : Particulars  Amount Proceeds of…

Q: Rockland Corporation earned net income of $300,000 in 2020 and had 100,000 shares of common stock…

A: Saving in income tax net of tax = Interest expense *(1-tax rate) = ($800,000*9%)*(1-0.20) = $57,500

Q: Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in…

A: Price earnings (P/E) ratio refers to a ratio which shows the relationship between the earnings per…

Q: Suppose the following information is available for Callaway Golf Company for the years 2022 and…

A: Earning per share indicates the per-share income earned by the common stockholders. It can be…

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A: The question is based on the concept of Payout ratio

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A: Diluted Earning Per Share: If all convertible securities were converted, the company's profits per…

Q: Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2…

A: Formula: Total preferred dividend = Number of preference shares x Dividend per share. EPS = ( Net…

Q: A) M. Sunland Corporation has 20,000 shares of 8%, $100 par value, cumulative preferred stock…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Carla Corporation reported net income of $315,350 in 2020 and had 50,500 shares of common stock…

A: Computation of the Carla's 2020 diluted earnings per share as follows:

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A: The Net income is calculated from the Income statement. All the expenditure are deducted from the…

Q: In 2020, Pennington Corporation had net sales of $600,000 and cost of goods sold of $360,000.…

A: Return on common stockholders' equity is the proportion of net income that is payable to common…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: Given,  Net income = $470,000 Dividends paid to common stockholders = $34,780

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The answer is as fallows

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.