FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of $129.51. In addition, McDonald’s Corporation had a dividend per share of $3.56 during the previous year.Determine McDonald’s Corporation’s dividend yield. Round to one decimal place.arrow_forwardCalculating key stock performance metrics The Castle Company recently reported net profits after taxes of $11.4 million. It has 3.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $60 per share. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.$ per share What's the stock's P/E ratio? Round the answer to two decimal places.$ times Determine what the stock's dividend yield would be if it paid $2.82 per share to common stockholders. Round the answer to two decimal places. %arrow_forwardFive Measures of Solvency or Profitability The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the following: Bonds payable, 7% $1,400,000 320,000 Preferred $5 stock, $100 par Common stock, $12 par 600,000 Income before income tax was $254,800, and income taxes were $38,800, for the current year. Cash dividends paid on common stock during the current year totaled $30,000. The common stock was selling for $40 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield $ $ times %arrow_forward
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