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Manitou Corp. had additions to retained earnings for the year just ended of $430,000. The firm paid

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Manitou Corp. had additions to retained earnings for the year just ended of $430,000. The firm paid out $175,000 in cash dividends, and it has ending total equity of $5.3 million. If Bellanue currently has 210,000 shares of common stock outstanding, what are the earnings per share? Dividends per share? Book value per share? If the stock currently sells for $63 per share, what is the market-to-book ratio? The price–earnings ratio? If the company had sales of $4.5 million, what is the price–sales ratio?

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...
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Net income Addition to RE Dividends 430000 175000 605000 Earnings ...View the full answer


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Fundamentals of Corporate Finance

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Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.

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