The Income statement for Travers & Co. is shown below. The firm currently has 35.0 million shares of common stock outstanding. However, an analyst has looked at the firm's outstanding warrants and options to determine the likelihood of them being exercised. The analyst has determined that the firm's adjusted number of common shares after the expected dilution is 38.5 million. INCOME STATEMENT (Millions of dollars) Total revenues - Operating costs excluding depreciation - Depreciation and amortization expense Operating income (EBIT) - Interest expense ***** Common dividends Addition to retained earnings $ 1,450 1,200 50 $ 200 Taxable income - Taxes Net income - Preferred dividends Net income available to common shareholders 112 175 Answer the following questions about Travers & Co.'s income statement.

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Edelman engines has $18 million in total assets. It’s balance sheet shows $2 million in current liabilities $10 million in long term debt and $6 million in common equity. It has 300000 common shares outstanding and it’s stock price is $28.20 per share. What is edelmans market / book ratio

Enterprise Storage Company has 420,000 shares of cumulative preferred stock outstanding, which has a stated dividend of $5.75. It is six years in arrears in its dividend payments. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. How much in total dollars is the company behind in its payments? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Dividend in arrears b. The firm proposes to offer new common stock to the preferred stockholders to wipe out the deficit. The common stock will pay the following dividends over the next four years: D1 D2 D3 D4 $1.05 1.15 1.25 1.35 The company anticipates earnings per share after four years will be $4.07 with a P/E ratio of 14. The common stock will be valued as the present value of future dividends plus the present value of the future stock price after four years. The discount rate used by the investment banker is 11…

McDonnell-Myer Corporation reported net income of $1,450 million. The company had 469 million common shares outstanding at January 1 and sold 42 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $32 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Enterprise Storage Company has 450,000 shares of cumulative preferred stock outstanding, which has a stated dividend of $8.75. It is six years in arrears in its dividend payments. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.a. How much in total dollars is the company behind in its payments? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).)     Dividend in arrears   b. The firm proposes to offer new common stock to the preferred stockholders to wipe out the deficit. The common stock will pay the following dividends over the next four years:            D1 $ 1.20   D2   1.30   D3   1.40   D4   1.50     The company anticipates earnings per share after four years will be $4.10 with a P/E ratio of 11.The common stock will be valued as the present value of future dividends plus the present value of the future stock price…

Marjorie Manufacturing's balance sheets report $250 million in total debt, $100 million in short-term investments, and $8 9 million in preferred stock. Marjorie has 13 million shares of common stock outstanding. A financial analyst estimated that Marjorie's value of operations is $900 million. What is the analyst's estimate of the intrinsic stock price per share?

Lemmon Incorporated lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $140. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $16.50. Current liabilities book and market values stand at $12 and the firm's long-term debt is $40. Calculate the market value of the firm's stockholders' equity

Based on the corporate valuation model, the value of Virtual Homes Co.'s operations is $1.15 billion. The company's balance sheet shows $50 million in accounts receivable, $77 million in inventory, and $215 million in cash and marketable securities. The balance sheet also shows $95 million in accounts payable, $165 million in notes payable, $470 million in long-term debt, $85 million in preferred stock, $281 million in retained earnings, and $705 million in total common equity. If Virtual Homes has 50 million shares of common stock and 10 million shares of preferred stock outstanding, what is the best estimate of the common stock's price per share? $12.90 O $64.50 $7.28 $15.44 $13.54