FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Chapter 13, Problem 22Q
To determine
Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per share are the amount of profit that is allocated to each share of outstanding stock.
Formula:
To determine:
Earnings per share of a common stock.
Given info:
Net income, Preferred dividends, and weighted average shares of common stock outstanding.
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As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $15 million, liabilities of $10 million, after-tax earnings of $2.85 million, and 2.10 million outstanding shares of common stock.
Calculate the earnings per share of Bozo Oil’s common stock.
Note: Round your answer to 2 decimal places.
Assuming a share of Bozo Oil’s common stock has a market value of $40, what is the firm’s price-earnings ratio?
Note: Round your intermediate calculation to 2 decimal places and final answer to the nearest whole number.
Calculate the book value of a share of Bozo Oil’s common stock.
Note: Round your answer to 2 decimal places.
Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of $8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding.
a. What are earnings per share (EPS)?
b. What is the Price-earnings ratio?
c. What is the Price sales ratio?
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Longmont Corporation earned net income of $86,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,400 in preferred dividends for the year. What is the numerator of the EPS
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Chapter 13 Solutions
FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
Ch. 13 - Prob. 1QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - Prob. 9QCh. 13 - (a) Distinguish among the following bases of...Ch. 13 - Prob. 11Q
Ch. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - Prob. 16QCh. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 22QCh. 13 - Prob. 13.1BECh. 13 - Prob. 13.2BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.15BECh. 13 - Prob. 13.4EYCTCh. 13 - Prob. 13.8EYCT
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