or 24, the annual earnings for Tennessee Electronic Company were $3,400,000 . The corporation has 2,516,500 shares of common stock outstanding and pays an annual dividend of $0.55 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:

or 24, the annual earnings for Tennessee Electronic Company were $3,400,000 . The corporation has 2,516,500 shares of common stock outstanding and pays an annual dividend of $0.55 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...

See similar textbooks

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.)
The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 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). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
Maytag Company earns $2.30 per share. Today the stock is trading at $43. The company pays an annual dividend of $1.30. a. Calculate the price-earnings ratio. (Round your answer to the nearest whole number.) Price-earnings ratio b. Calculate the stock yield. (Round your answer to the nearest tenth percent.) Stock yield %
13. For 2020, the annual earnings for General Jet Aviation were $6,600,000. The corporation has 4,844,300 shares of common stock outstanding and pays an annual dividend of $0.65 per share. The closing price for a share of common stock was $30 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:
Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $3.70 per share, and the current price of its common stock is $76 per share. The expected growth rate is 7 percent. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. Compute the cost of retained earnings (Ke). Cost of retained earnings % b. If a $7.0 flotation cost is involved, compute the cost of new common stock (Kn). Cost of new common stock %
Maytag Company earns $2.50 per share. Today the stock is trading at $45. The company pays an annual dividend of $1.50. a. Calculate the price-earnings ratio. (Round your answer to the nearest whole number.) Price-earnings ratio b. Calculate the stock yield. (Round your answer to the nearest tenth percent.) Stock yield Prev 17 of 18 Next 車
Murray Motor Company wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D) of $2.20 per share, and the current price of its common stock is $40 per share. The expected growth rate is 7 percent. a. Compute the cost of retained earnings (Ke). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of retained earnings
Shares purchased one year ago for $8790 are now worth $15,390. During the year, the shares paid dividends totalling $280. Calculate the shares’: (Do not round intermediate calculations and round your final answer to 2 decimal places.) a. Income yield b. Capital gain yield c. Rate of total return
1, Given the price-earnings ratio of 12, EPS of P2.18 and payout ratio of 75%, compute for the dividend yield. 2. A company's sales last year were 615,000 and its net income was 45,800. It has 465,000 in assets financed only by common equity. Determine the profit margin needed to achieve a 14.5% ROE. Use 4 decimal places in your final answer. Express in percentage 3. Net income for 2020 was 1,825,600. In the year 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively 4. A company has 6,435,000 in common equity and 1,063,000 in outstanding shares. Shares sell at a price of 30.70 each. Calculate the difference of the firm's market and book values per share (2 decimal places) 5. P240,000 will be deposited in a fund at the beginning of each month for 5 years. Using 11% as the interest rate compounded semi-annually, compute how much is in the fund at the end of 4 ½ years…
BMM Industries pays a dividend of $1.40 per quarter. The dividend yield on its stock is reported at 4.2%. What price is the stock selling at? (Round your answer to 2 decimal places.) Current price $
This question is based on the following information: Pitts Company’s common stock is selling at P 82/share. Last year, the Dividends per share was P 4. The dividend is expected to grow at 25% yearly, Flotation cost is P 2/share. What is the cost of retained earnings?a. 31.10%b. 31.25%c. 32.25%d. 33.25% P 2/share. What is the cost of the new common stock?a. 31.25%b. 32.25%c. 33.25%d. 34.25%
A company recently paid a $1.35 dividend. The annual dividend is expected to grow at a 18.5 percent rate. At a current stock price of $40.85, what return are shareholders expecting? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16))