The condensed income statement of Nestle Cereal Company is as follows: NESTLE CEREAL COMPANY Income Statements for the years Ended December 31 2020 2019 $ $ Revenue 11,776 10,907 Cost of sales 6,597 6,082 Gross profit 5,179 4,825 Selling and Administrative Expenses 3,311 3,059 PBIT 1,868 1,766 Interest Expense 321 294 PBT 1,547 1,472 Income Tax 444 468 Net Profit 1,103 1,004 Other Information Number of Ordinary Shares 418 418 Stock price at year end $52.92 $50.06 Calculate the following ratios for the year 2020 1. Price Earnings Ratio 2.Dividend Yield
The condensed income statement of Nestle Cereal Company is as follows: NESTLE CEREAL COMPANY Income Statements for the years Ended December 31 2020 2019 $ $ Revenue 11,776 10,907 Cost of sales 6,597 6,082 Gross profit 5,179 4,825 Selling and Administrative Expenses 3,311 3,059 PBIT 1,868 1,766 Interest Expense 321 294 PBT 1,547 1,472 Income Tax 444 468 Net Profit 1,103 1,004 Other Information Number of Ordinary Shares 418 418 Stock price at year end $52.92 $50.06 Calculate the following ratios for the year 2020 1. Price Earnings Ratio 2.Dividend Yield
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 39E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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The condensed income statement of Nestle Cereal Company is as follows:
NESTLE CEREAL COMPANY
Income Statements for the years Ended December 31
2020
2019
$
$
Revenue
11,776
10,907
Cost of sales
6,597
6,082
Gross profit
5,179
4,825
Selling and Administrative Expenses
3,311
3,059
PBIT
1,868
1,766
Interest Expense
321
294
PBT
1,547
1,472
Income Tax
444
468
Net Profit
1,103
1,004
Other Information
Number of Ordinary Shares
418
418
Stock price at year end
$52.92
$50.06
Calculate the following ratios for the year 2020
1. Price Earnings Ratio
2.Dividend Yield
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