Survey Of Accounting
5th Edition
ISBN: 9781259631122
Author: Edmonds, Thomas P.
Publisher: Mcgraw-hill Education,
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Chapter 9, Problem 12E
a.
To determine
Compute the earnings per share of Corporation BR for 2018.
b.
To determine
Compute book value per share of common stock of Corporation BR for 2018.
c.
To determine
Compute price/earnings ratio of Corporation BR for 2018.
d.
To determine
Compute dividend yield of Corporation BR for 2018.
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During 2018, Baird Corporation reported after-tax net income of $3,620,000. During the year, the number of shares of stock outstanding remained constant at 9,780 of $100 par, 10 percent preferred stock and 398,000 shares of common stock. The company’s total stockholders’ equity is $19,600,000 at December 31, 2018. Baird Corporation’s common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $5.00 per share to common stockholders.
Required
Compute the earnings per share. (Round your answer to 2 decimal places.)
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Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.)
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Chapter 9 Solutions
Survey Of Accounting
Ch. 9 - 1. Why are ratios and trends used in financial...Ch. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - 4. What is the significance of inventory turnover,...Ch. 9 - 5. What is the difference between the current...Ch. 9 - Prob. 6QCh. 9 - Prob. 7QCh. 9 - Prob. 8QCh. 9 - 9. What are some limitations of the earnings per...Ch. 9 - Prob. 10Q
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