Important information concerning a companys operating performance can be found in its income statement and statement of

Question:

Important information concerning a company’s operating performance can be found in its income statement and statement of financial position (balance sheet). Using the search mechanism of your choice, locate the most recent annual report of Martin Marietta Materials, Inc. and respond to the following.

Instructions

a. For the most recent day indicated, what were the highest and lowest prices at which the company’s common stock sold?

b. Find the company’s balance sheet and determine the following: the number of outstanding shares of common stock and the average price at which those shares were originally sold.

c. What is the relationship between the current market price and the amount you have calculated in part b as the average price at which the stock originally sold?

d. Find the company’s income statement and identify the trend in basic earnings per share, including discontinued operations. Did discontinued operations have a significant impact on EPS?

e. For the most recent year, what is the average number of shares of common stock that was used to compute basic earnings per share? Why is that number different from the number outstanding in the company’s balance sheet?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...