Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)

Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)

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 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

See similar textbooks

Related questions

Q: The following figures show the optimal portfolio choice for two investors with different levels of…

A: The red curve is the indifference curve. The green curve is the efficiency frontier and the black…

Q: Here is a small part of the order book for Mesquite Foods Sid Price Price $ 94.50 $ 94.80 $95 $…

A: Stock market is a place where buying and selling of shares happens and there are many sellers and…

Q: Suppose an investor purchases $114,000 of TIPS with a 6.14% coupon rate and 12 years until maturity.…

A: Consumer Price Index (CPI) :The CPI, or Consumer Price Index, is a widely used economic indicator…

Q: Suppose we are thinking about replacing an old computer with a new one. The old one cost us…

A: Net present value: It is the difference between the present value of cash inflows and cash outflows.

Q: NoGrowth Corporation currently pays a dividend of $0.42 per quarter, and it will continue to pay…

A: A share price refers to the stock price that is traded in the share market. Investors can evaluate…

Q: Consider the following cash flows: Year 0 1 2 3 4 Cash Flow -$ 8,000 2, 250 5,300 2,050 1,750 What…

A: Payback period is the time required to recover initial investment.

Q: Frank and Carole have to decide between a 5% mortgage and a 4.25% mortgage with 1 pre-paid point.…

A: Mortgage are paid by equal monthly installments and these monthly installments carry payment for…

Q: Consider a student loan of $10,000 at a fixed APR of 10% for 5 years. a. Calculate the monthly…

A: Here,LoanAmount (PV) is $10,000Interest Rate (r) is 10%Time Period of Loan (n) is 5 yearsCompounding…

Q: A credit card bill shows a balance due of $750 with a minimum payment of $15 and a monthly interest…

A: The monthly interest rate is 1.62%.

Q: Smithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs…

A: Book value is the remaining assets of an organization after eliminating the company's liabilities.…

Q: The preferred stock of ABC pays a constant $2.5 per share dividend. The common stock of ACME just…

A: Common stocks are the stocks that can be owned by the actual owner of the company and who has voting…

Q: Martinez, Incorporated, has purchased a brand new machine to produce its High Flight line of shoes.…

A: The financial break-even point refers to the level of sales at which the company's proceeds equal…

Q: 1895, the first U.S. Open Golf Championship was held. The winner's prize money was 200. In 2019, the…

A: When an amount is invested somewhere, it earns interest on it.The amount initially invested is…

Q: Suppose that many stocks are traded in the market and that it is possible to borrow at the risk-free…

A: The expected return is the estimation of profit or loss that an investor determines from his…

Q: Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use…

A: Monthly installment refers to the amount of periodic payments a borrower makes to its lender in…

Q: An investment will provide a regular quarterly income after a deferred period of 3-years, starting…

A: The present value refers to the discounted value of the future expected cash flow or expected…

Q: Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $11.00…

A: Current Dividend = d0 = $11Growth in Price each year for next 4 year = g = $9Required Rate of…

Q: You are considering purchasing stock in a company that is expected to pay a $ 2.63 dividend later…

A: The dividend discount model will be used here. As per the dividend discount model the value of a…

Q: Building a zero-investment portfolio will always involve a. only long positions b. only short…

A: The portfolio is an important part of financial decisions because it is said to be the different…

Q: What is the weighted average cost of debt for SNA using the book value weights and using the market…

A: WACC stands for "Weighted Average Cost of Capital." It is a financial metric used to assess the cost…

Q: Williams Industries has decided to borrow money by issuing perpetual bonds with a coupon rate of 7…

A: The coupon rate is 7%.The par value is $1,000.The one-year interest rate is 7%.The increase in…

Q: Create an amoritization schedule for a $1,000,000 loan that requires equal annual payments in each…

A: An amortization schedule is a table or chart that outlines the specific details of a loan over time.…

Q: Anne is contemplating investing in an Australian Treasury bond. It is 2018, and the bond she is…

A: Bonds are debt securities or financial instruments that represent a loan made by an investor to a…

Q: Use the following information to answer the question: Loan amount: $245,000 Loan term: 30 years…

A: Calculate the rate of interest keeping the same monthly instalments, tenure, however simply changed…

Q: stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to re 3…

A: Expected rate is a weighted rate of return depending on the different scenarios of the economy and…

Q: Please use this information to answer the question below: A US firm's expected Accounts Receivables…

A: In money market hedges the amount to be received in the future versus the equivalent amount of money…

Q: Use Excel to create an annual summary (5-years) amortization schedule for a fully-amortizing, fixed…

A: The debt amortization schedule refers to the bond's structure in a tabular representation, showing…

Q: You sell a product in the US market that is manufactured in Morocco. It costs you 500 Moroccan…

A: Variables in the question:Cost of production per item=500 Moroccan DirhamShipping cost=$3 per…

Q: Quinoa Farms just paid a dividend of $3.60 on its stock. The growth rate in dividends is expected to…

A: Current Dividend = d0 = $3.60Growth rate = g = 7%Required Rate of Return for First 3 Year = r3 =…

Q: Suppose that risk-free zero interest rates with continuous compounding are as follows: Maturity Rate…

A: Variables in the question: Maturity (years)Rate (% per annum)12.0%23.00%33.70%44.20%54.50%

Q: f I want to buy a new house and currently have $45 000 and I need to have a 10% down payment plus an…

A: Information Provided:Amount at hand (Present value) = 45,000Down payment = 10% of house costClosing…

Q: A hedger takes a long position in an oil futures contract on November 1, 2016 to hedge an exposure…

A: Hedge:A hedge is a type of investment that is used to mitigate risk or protect against potential…

Q: ena bought a car priced at $13,350 for 10% down and equal semi-annual yments for 5 years. If…

A: Down payment is cash out of pocket made in advance to the dealer of car and remaining amount is…

Q: Assume a sales price of $119 per unit, a $76 per unit variable cost, an average default rate of 3…

A: Net present value (NPV):NPV is a useful tool for decision-makers because it allows them to compare…

Q: What is the standard deviation given the following information? Probability Possible Returns 24.0%…

A: Probability (P)Possible Returns0.2524.0%0.2036.0%0.559.0%Required:Standard Deviation =?

Q: Where does the $850 go?

A: Coupon Rate =

Q: For assets purchased or sold on margin, any market price in the range of trigger prices results in…

A: In trading the margins are to be maintained and if the margin falls below that than there will be a…

Q: A motor cycle tag price is 75,000 cash for 60 days. A buyer wants to pay outright cash on the…

A: Variables in the question:Motor cycle tag price = 75,000n=60 daysSimple interest=12%Note: Assumed…

Q: A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a…

A: FROM THE INFORMATION PROVIDED IN QUESTION WE HAVE TO FIND OUT INVESTMENT OPPORTUNITY SET OF TWO…

Q: 8) At what interest rate should $15,000 be deposited to have $50,000 available within 5 years?…

A: Compound = Semiannually = 2Present Value = pv = $15,000Future Value = fv = $50,000Time = t = 5 * 2 =…

Q: Water supply for an irrigation system can be obtained from a stream in some nearby mountains. Two…

A: the term "cost" encompasses the financial commitments and expenditures related to various aspects of…

Q: You entered into a futures contract to buy €62,500 at $1.20/€ yesterday. Your initial margin was…

A: Initial price= $1.20Future contract size= 62,500Initial margin = $4,200Maintenance margin =…

Q: The Green Mortgage Company has originated a pool containing 75 ten-year fixed interest rate…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: You are the financial analyst for a tennis racket manufacturer. The company is considering using a…

A: The net present value is the present value of all the future cash flows subtracted from the initial…

Q: 52-Week Price Lo 10.43 Acevedo .36 34.27 Georgette, Incorporated 2.39 69.50 YBM 2.00 13.95 Manta…

A: The dividend yield is a financial ratio that indicates the percentage return an investor can expect…

Q: On November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R$1.95/$. The…

A: Foreigh Exchnage Rate is that rate of exchange which show the relationship between the two country…

Q: A. Assume that you have $7500 to invest. You plan to invest it for 10 years at a rate of 7% per…

A: Future Value = Present Value * (1 + Interest Rate)^Time

Q: Investigate the role of behavioral biases and market anomalies in challenging market efficiency.…

A: Market efficiency, a key concept in finance, suggests that financial markets incorporate all…

Q: Southern Pole is developing a special vehicle for Antarctic exploration. The development requires…

A: Choosing and analyzing long-term investment projects or capital expenditures that need considerable…

Q: Answer Part A, B, B(i), B(ii), C of this textbook question that deals with the application of Time…

A: The time value of money is used to determine the actual worth of the investment or withdrawal by…

Question

Jensen Inc. has total equity of $70 billion and 670 million shares outstanding. Its ROE is 18.32%. The dividend payout ratio is 11.3%. Calculate the company's
dividends per share (round to the nearest penny).
The company's dividends per share is $
(Round to the nearest cent.)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Given Value

VIEW

Step 2: Calculation

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
Jensen Inc. has total equity of $72 billion and 720 million shares outstanding. Its ROE is 14.43%. The dividend payout ratio is 11.3%. Calculate the company's dividends per share (round to the nearest penny). The company's dividends per share is $ (Round to the nearest cent.)
Goodstuff Corporation has total equity of $494 million and 138 million shares outstanding. Its ROE is 10.66 %. The dividend payout ratio is 28.5 %. Calculate the company's dividends per share.
Jensen Inc. has total equity of $73 billion and 675 million shares outstanding. Its ROE is 12.7%. The dividend payout ratio is 21%. Calculate the company’s dividends per share.
Lear & Co has a PE of 17, a forward PE of 14.5, and a price of $67.40 per share. The company has 85.2 million shares outstanding. Net income for next year is projected to be closest to: O A. $396.0 million. O B. $832.7 million. O C. $337.8 million.
Lear & Co has a PE of 15.3, a forward PE of 14.8, and a price of $35.80 per share. The company has 10.5 million shares outstanding. Net income for the most recent year is closest to: A. $55.6 million. B. $25.4 million. C. $24.6 million.
A company has revenues of 24 million and depreciation and amortization expenses of 9 million. Operating margin is 42%, net margin is 7%, and gross margin is 57%. It has 19 million of debt, 6 million in cash, and 11 million shares outstanding. Comparable companies are trading at An average EV/EBITDA multiple of 12. How much are this company's shares worth using relative valuation? Round to one decimal place.
Windswept, Inc. has 8.5 million shares of stock outstanding. Its net income is $2.3 million. Its current price-earnings ratio is 7.3. What is the market price per share of stock?
Polinezo Industries' balance sheet reflects an equity of $650 million, the stock price is $90 per share, and its aggregate market value (MVA) is $60 million. Determine the common stock outstanding.
The Anderson Company has net profits of $20 million, sales of $250 million, and 4.5 million shares of common stock outstanding. The company has total assets of $175 million and total stockholders’ equity of $95 million. It pays $1.50 per share in common dividends, and the stock trades at $35 per share. Given this information, determine the following: Anderson’s EPS Anderson’s book value per share and price-to-book-value ratio The firm’s P/E ratio The company’s net profit margin The stock’s dividend payout ratio and its dividend yield The stock’s PEG ratio, given that the company’s earnings have been growing at an average annual rate of 7.5%