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Evaluate the firm’s profitability for 2008 by computing: a.Pay-out Ratio to Common Shares b.Dividend Yield Per Share on Common Stock

Evaluate the firm’s profitability for 2008 by computing: a.Pay-out Ratio to Common Shares b.Dividend Yield Per Share on Common Stock

Np Ms Office 365/Excel 2016 I Ntermed
Np Ms Office 365/Excel 2016 I Ntermed
1st Edition
ISBN:9781337508841
Author:Carey
Publisher:Carey
Chapter4: Analyzing And Charting Financial Data
Section: Chapter Questions
Problem 3.9CP
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Evaluate the firm’s profitability for 2008 by computing: a.Pay-out Ratio to Common Shares b.Dividend Yield Per Share on Common Stock
TOTAL POINTS = 93/93 The following are the balance sheet and income statement data of Jowie Corporation Balance Sheet Accounts (De ce mber 31) Cash Marketable Securities 2007 2008 150,000 283,000 850,000 1,000,000 Accounts Receivable, net 500,000 1,000,000 Inventories 750,000 500,000 Land 500,000 500,000 Building, net Machinery and equipment (net) Goodwill Deferred Charges Notes, Payable, Trade Accounts Payable, Trade 550,000 500,000 1,700,000 1,500,000 400,000 400,000 100,000 90,000 100,000 150,000 610,000 790,000 Payable Long-term Notes- Due 2018 15% Preferred Stock, P100 par 40,000 60,000 2,500,000 2,250,000 500,000 500,000 Common Stock, P10 par Retain Earnings 1,500,000 1,500,000 250,000 523,000 2008 Income Statement Accounts Sales Sales Returns and Allowances 5,250,000 250,000 Inventory, Dec. 31, 2008 Inventory, Dec. 31, 2007 Purchases Selling Expenses Administrative Expenses(including Depreciation of P250,000) Interest on Long-term Notes Income Taxes, 35% Additional Information: Dividends paid on preferred stock Dividends paid on common stock 500,000 750,000 2,750,000 400,000 600,000 250,000 1 75,000 2 162,000 Market price per share on common 3 stock 18
Transcribed Image Text:TOTAL POINTS = 93/93 The following are the balance sheet and income statement data of Jowie Corporation Balance Sheet Accounts (De ce mber 31) Cash Marketable Securities 2007 2008 150,000 283,000 850,000 1,000,000 Accounts Receivable, net 500,000 1,000,000 Inventories 750,000 500,000 Land 500,000 500,000 Building, net Machinery and equipment (net) Goodwill Deferred Charges Notes, Payable, Trade Accounts Payable, Trade 550,000 500,000 1,700,000 1,500,000 400,000 400,000 100,000 90,000 100,000 150,000 610,000 790,000 Payable Long-term Notes- Due 2018 15% Preferred Stock, P100 par 40,000 60,000 2,500,000 2,250,000 500,000 500,000 Common Stock, P10 par Retain Earnings 1,500,000 1,500,000 250,000 523,000 2008 Income Statement Accounts Sales Sales Returns and Allowances 5,250,000 250,000 Inventory, Dec. 31, 2008 Inventory, Dec. 31, 2007 Purchases Selling Expenses Administrative Expenses(including Depreciation of P250,000) Interest on Long-term Notes Income Taxes, 35% Additional Information: Dividends paid on preferred stock Dividends paid on common stock 500,000 750,000 2,750,000 400,000 600,000 250,000 1 75,000 2 162,000 Market price per share on common 3 stock 18
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