The following information was available for the year ended December 31, 2019: Sales........................................................................................................... $ 400,000 Net income.....................................................................................................
Question:
The following information was available for the year ended December 31, 2019:
Sales........................................................................................................... $ 400,000
Net income..................................................................................................... 60,000
Average total assets................................................................................. 1,000,000
Average total stockholders’ equity ........................................................... 600,000
Dividends per share.......................................................................................... 2.40
Earnings per share............................................................................................ 6.00
Market price per share at year-end.............................................................. 96.00
Required:
a. Calculate margin, turnover, and ROI for the year ended December 31, 2019.
b. Calculate ROE for the year ended December 31, 2019.
c. Calculate the price/earnings ratio for 2019.
d. Calculate the dividend payout ratio for 2019.
e. Calculate the dividend yield for 2019.
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Step by Step Answer:
a Margin Net income Sales 60000 400000 15 Turnover ...View the full answer
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
