A company reports the following:- **Net income:** $384,250- **Preferred dividends:** $28,460- **Shares of common stock outstanding:** 47,000- **Market price per share of common stock:** $41.18**Task:** Compute the company's price-earnings ratio. Round the answer to one decimal place.

Answered: me $384,250 $28,460 47,000 $41.18…

me $384,250 $28,460 47,000 $41.18 dividends common stock outstanding rice per share of common stock the company's price-earnings ratio. Round answer to one de

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The following information has been taken from the X Company Earnings per share $15 Dividend per…

A: PE ratio = Market price per share / Earnings per share

Q: the basis of the following stockholders' equity accounts, indicate the items, exclusive of net…

A: Financing activities of the company include those activities which deal with funding the company .…

Q: Compute the dividend yield for each of these four separate companies. Which company's stock would…

A: · Ratio analysis used identify the business performance of the company.· It is used to…

Q: Chapter 17 Homework wick, C.A., & Schneider, 1. 5., (2021) Accounting (28) Boston, MA. Cengage ved…

A: Dividend is the profit distributed by the company to its shareholders. When a company have surplus…

Q: ABC Analysis Stock Number Annual $ Volume Percent of Annual $ Volume J24 12,500 46.2 R26 9,000 33.3…

A: ABC Analysis is a method that categorizes inventory items into the three categories which is A, B,…

Q: The table that follovs shovs the stock price, earnings per share, and dividends per share for three…

A: Formula: Price - Earnings ratio = Share price / Earnings per share. Division of Share price with…

Q: Dividend Ratio Company M Company B Соmpamy C Earnings per share 10.00 25.00 (64) Market value of…

A: Concept Dividend Ratio is been calculated as dividend per share divided per earning per share.…

Q: Assume that all balance sheet amounts for Oriole Company represent average balance figures.…

A: EARNING PER SHARE Earning Per Share are the net earnings of the company earned on one share. It…

Q: Market value ratios Earnings per share 443,547 686,487 5,213,884 net income 5,214,315 number of…

A: Market value ratios help in evaluation of economic position of companies which are publicly traded…

Q: 2-a. Calculate the dividend yield for American Eagle and Buckle for the year ended February 3, 2018.…

A: Since the balance sheet is not provided, we solved this question by assuming the amount of dividend…

Q: d. Times interest earned; e. Earnings per share; f. Price/earnings ratio; and

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: Annual Cash Market Dividend per Value per Share Share $ Company Etihad $10.00 United Lingus Allied…

A: Dividend is the amount of profit shared with the stockholders of the company. A dividend is the…

Q: Georgia. Pecan Theatre has declared the following annual dividends over a six-year perioc 20Y1,…

A: Preferred dividend: Preferred dividends termed to the amount of dividend payable on the company's…

Q: Pls fastttt ans

A: The closest option to 14.03% is C. 14 percent. Therefore, the correct answer is C. 14 percent.

Q: A company reports the following: Net income $160,000 Preferred dividends $10,000 Shares of…

A: Earnings per share on common stock = Net Profit - Preference dividendNumber of outstanding shares of…

Q: Dividend Payout Ratio Previous Year Current Year Net Income $35,000 $48,000 Average stockholders'…

A: The dividend payout ratio is the financial formula which is used in determining the portion of…

Q: Question 4 of 7 Net sales Net income (loss) Total assets Share information Common shares outstanding…

A: The earnings per share indicate the net profit after preferred dividends attributable to a single…

Q: Adger Corporation is a service company that measures its output based on the number of customers…

A: Flexible Budget for variable cost is calculated by multiplying budgeted variable cost per activity…

Q: Common Stockholders' Profitability Analysis A company reports the following: Net income $320,000…

A: Return on Stockholder's Equity = Net IncomeAverage Stockholders' Equity Return on Common…

Q: Current Position Analysis The following items are reported on a company's balance sheet: $150,600…

A: Current Ratio :— It is calculated by dividing current assets and current liabilities. Current Ratio…

Q: Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the…

A: The Numerical has covered the concept of Ratio Analysis.

Q: A firm had the following accounts and financial data for the most recent fiscal year: Sales Accounts…

A: After tax profit means the amount of money earned by the entity after deducting the amount of tax…

Q: Net Income $ 990,000 Earnings per Share 2.675675676…

A: We have been ratios and some information about the company Through it,we can calculate the market…

Q: The following items are reported on a company's balance sheet: Cash $131,900 Marketable securities…

A: a) Current ratio is the ratio of financial measure which shows the ability of a company to pay its…

Q: Common Stockholders' Profitability Analysis A company reports the following: Net income $320,000…

A: The balance sheet shows the financial position of the company that involves the assets, liabilities,…

Q: Share price at the beginning of the year $20 $15 Share price at the end of the year $26 $18…

A: Here, JM Computers…

Q: QUESTION 5 Shepherd Company's Stockholder's equity is as follows: Common Stock, $ 2 par Additional…

A: Number of common shares = $12, 993/2 = 6496.50 shares Number of treasury shares (shares…

Q: Question Content Area A corporation purchases 7,546 shares of its own $2 par common stock for $16…

A: In account and finance, the term" cost" frequently refers to the quantum of money or resources…

Q: Do not use AI

A: Step 1: What is P/E Ratio?The Price Earnings Ratio (P/E Ratio) is the relationship between a…

Q: Current ratio fill in the blank 1 b. Quick ratio

A: Current Ratio = Current Assets / Current Liability Liquid Ratio = Liquid Assets / Current…

Q: Assets $ 80,000 Liabilities 36,000 Retained Earnings 12,000 What is the…

A: Assets = Liabilities + Equity Equity = Assets - Liabilities Equity = Common Stock + Retained…

Q: Item Henry company…

A: eps and p/e of henry company earnings available for common stock = 225000 no of shares outstanding =…

Q: Current position analysis The following items are reported on a company's balance sheet: Cash…

A: The above answers can be explained as under - a. Current ratio = (Cash + Accounts receivables +…

Q: True answer

A: Let's go through the correct process for calculating the P/E ratio again, step by step.Data…

Q: ON %24 Home CengageNOWv2| Online teachin x…

A: The question is related to the Earnins per share and Price Earning Ratio. Earnings per share is…

Q: Dividend Payout Ratio Net Income Average stockholders' equity Dividend per common share Earnings per…

A: The dividend payout ratio tells about the ratio of dividends paid from the total income of the…

Q: A company reports the following: Net income $450,930 Preferred dividends $33,400 Shares of common…

A: The net income available to common stockholders is calculated as net income less preferred dividend.…

Q: ABC Analysis Stock Number Annual $ Volume Percent of Annual $ Volume J24 12,500 46.2 R26 9,000 33.3…

A: Based on the text and the Pareto Principle (80/20 rule) applied in ABC analysis, we're looking for…

Q: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding…

A: Profit margin is one of the profitability ratio being used in business. This means how much net…

Q: A company reports the following: Net income $593,210 Preferred dividends $43,940 Shares of…

A: Net income $593,210 Preferred dividends $43,940 Shares of common stock outstanding…

Q: 52-week LO -3.9 25.79 14.20 %CHG HI What is the firm's earnings per share (EPS)? O $0.66 $0.16 YLD…

A: Earning per share is the amount of income earned by the each shareholder of the company.

Q: Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400…

A: Balance sheet shows the position of a firm. It is prepared at the year end and depicts the true and…

Q: Net income Dividends # of Outstanding shares Share Price $ A A A 567,750 10,200.00 7,350 130

A: Earnings per share:EPS reflects a company's profitability on a per-share basis. This indicator…

Question

A company reports the following:

- **Net income:** $384,250
- **Preferred dividends:** $28,460
- **Shares of common stock outstanding:** 47,000
- **Market price per share of common stock:** $41.18

**Task:** Compute the company's price-earnings ratio. Round the answer to one decimal place.

Expert Solution

Step 1

PE Ratio is the market price per share on the earning per share

Earnings is net income less preferred dividend

Earning per share is earning divided by number of common shares

Step by step

Solved in 2 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, accounting and related others by exploring similar questions and additional content below.

Similar questions

Please do not give solution in image format thanku
4G+ 2:52 PM ě 0.1KB/s ll 78 00:39:06 Remaining The following are selected data taken from the records of ABC Company: Income before tax P200,000 40% Income tax rate Dividend payout ratio 0.80 Number of common shares outstanding 10,000 shares How much dividend per share was paid by the company during the year? P9.60 O P6.40 O P16 O P15 20 of 20 Submit
Subject :- Accounting
ny Annual Cash Dividend per Share Market Valueper Share 1 $ 11.00 $ 169.23 2 8.00 98.77 3 7.30 72.28 4 1.80 118.15 Compute the dividend yield for each of these four separate companies.
A company reports the following: Net income $697,770 Preferred dividends $51,690 Shares of common stock outstanding 48,000 Market price per share of common stock $39.03 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $fill in the blank 1
Common stock,1,000 shares at Tk100 per share Tk.1,00,000Retained earning Tk.50,000Total 1,50,000 Prepare shareholders’ equity statement considering stock split 3 for 1.
Name Symbol Close Net Chg Volume 52 Wk High 52 wk low Div Yield P/E YTD %Chg Gen Dyn GD 142.97 -0.47 1,375,410 153.76 121.61 3.04 2.13 15.39 11. W4.08 1. How many shares could you buy for $5,000? 2. What must be Gen Dyn's earnings per share? 3. What was the firms' closing price on the day before the listing?
1)return on common stockholders equity 2)price-earnings ratio 3) dividend per share of common stock
I want to answer this question
A company reported the following: Net income $423,790 Preferred dividends $31,390 Shares of common stock outstanding 36,000 Market price per share of common stock $184.43 Calculate the company's price-earnings ratio. Round your answer to two decimal places.fill in the blank 1
Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $35,766 Accounts receivable (net) 32,541 Inventory 34,460 Property, plant, and equipment 215,693 Total assets $318,460 Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 61,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 $26,082 Net income
What is Ella Company’s equity ratio? a. 25.78% d. 74.22% b. 100.00% e. 137.78% c. 34.74%