Refer to the data in Exercise 15-2 for Weller Corporation, Comparative financial statements for Weller Corporation, a
Question:
Refer to the data in Exercise 15-2 for Weller Corporation,
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 800,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $18. All of the company's sales are on account.
Required:
Compute the following financial data for this year:
1. Earnings per share.
2. Price-earnings ratio.
3. Dividend payout ratio.
4. Dividend yield ratio.
5. Book value per share.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Dividend Yield
Dividend yield refers to a stock's annual dividend payments to shareholders, expressed as a percentage of the stock's current price. The dividend per share that a company pays divided by the share price. This is reported on the financial statements...
Step by Step Answer:
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer