I need help to determine the following; 6. For P & B Manufacturing to assess its market performance, I need help to calculate the earnings per share AND the dividend payout ratio (the par value of the company’s common stock is $10 per share). Include calculations and round answers to 2 decimal places. Current assets:Cash and cash equivalentsAccounts ReceivableInventoryTotal current assetsProperty, plant and equipmentLess accumulated depreciationNet property, plant and equipmentTotal assetsCurrent liabilities:Accounts payableAccrued liabilitiesIncome taxes payableTotal current liabilitiesP & B ManufacturingComparative Balance Sheet(dollars in millions)Bonds payableTotal liabilitiesStockholders' equity:Common stockRetained earningsAssetsEnding BalanceLiabilities and Stockholders' EquityTotal stockholders' equityTotal liabilities and stockholders' equity655306001,1951,7196401,0792,27418094723461805268009481,7482,274Beginning Balance915725801,2431,6564801,1762,419180105883733106838009361,7362,419P & B ManufacturingIncome StatementFor Year Ended December 31(dollars in millions)SalesCost of goods soldGross MarginSelling and administrative expensesNet operating incomeNonoperating items: Gain on sale of equipmentIncome before taxesIncome taxesNet Income4,4503,550900820804842955P & B Manufacturing also provided the following information:1 The company sold equipment that had an original cost of $15 million andaccumulated depreciation of $9 million. The cash proceeds from the sale were$11 million. The gain on the sale was $4 million.2The company did not issue any new bonds during the year3The company paid a cash dividend during the year4 The company did not complete any common stock transactions during theyear 6a6bTo assess market performance, calculate Earnings Per Share and Dividend Payout Ratio. Assume the par value of thecompany's common stock is $10 per share Round your calculations & answers to 2 decimal placesCalculate Earnings per share. Express in dollars and centsCalculate Dividend payout ratio - express in a percent. Assume the par value of the company'scommon stock is $10 per share

Earnings per share, or EPS, is an important financial metric that shows a company's profitability.…

6a 6b To assess market performance, calculate Earnings Per Share and Dividend Payout Ratio. Assume the par value of the company's common stock is $10 per share Round your calculations & answers to 2 decimal places Calculate Earnings per share. Express in dollars and cents Calculate Dividend payout ratio-express in a percent. Assume the par value of the company's common stock is $10 per share

6a 6b To assess market performance, calculate Earnings Per Share and Dividend Payout Ratio. Assume the par value of the company's common stock is $10 per share Round your calculations & answers to 2 decimal places Calculate Earnings per share. Express in dollars and cents Calculate Dividend payout ratio-express in a percent. Assume the par value of the company's common stock is $10 per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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