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reebird Inc. had a net income of $394,200 for the year ended September 30, 2020. The company does not have any preferred shares and has 104,000 common shares outstanding for the entire year. During the year, they paid out $48,500 in dividends. Assume the market price of each common share at the company’s year end is $18 per share. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate earnings per share. Earnings per share = $Answer 3.79 b) Calculate the dividend yield. Dividend Yield = Answer 3.00 % c) Calculate the price earnings ratio. Price Earnings Ratio = Answer 4.75

reebird Inc. had a net income of $394,200 for the year ended September 30, 2020. The company does not have any preferred shares and has 104,000 common shares outstanding for the entire year. During the year, they paid out $48,500 in dividends. Assume the market price of each common share at the company’s year end is $18 per share. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate earnings per share. Earnings per share = $Answer 3.79 b) Calculate the dividend yield. Dividend Yield = Answer 3.00 % c) Calculate the price earnings ratio. Price Earnings Ratio = Answer 4.75

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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reebird Inc. had a net income of $394,200 for the year ended September 30, 2020. The company does not have any preferred shares and has 104,000 common shares outstanding for the entire year. During the year, they paid out $48,500 in dividends. Assume the market price of each common share at the company’s year end is $18 per share. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places.

a) Calculate earnings per share. Earnings per share = $Answer 3.79

b) Calculate the dividend yield. Dividend Yield = Answer 3.00 %

c) Calculate the price earnings ratio. Price Earnings Ratio = Answer 4.75

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