Alphonse Inc. has a return on equity of 12 percent, 28,000 shares of stock outstanding, and a

Question:

Alphonse Inc. has a return on equity of 12 percent, 28,000 shares of stock outstanding, and a net income of $98,000. What are earnings per share?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

See More Books

Question Posted: Nov 15, 2018 06:04 AM

See More Questions

Fantasy Travel Company has a return on equity of 17.5 percent, a total equity/total assets ratio of 65 percent, and a dividend payout ratio of 75 percent. What is the companys internal growth rate?
Now assume that Lube Oil has a return on equity of 5% and a cost of equity of 10%. As a stockholder in Lube Oil, would you want the firm to change its dividend policy? Why or why not?
The Steiben Company has a return on equity of 13.1 percent and a dividend payout ratio of 40 percent. a. What is the companys sustainable growth rate? b. Can the companys actual growth rate be...
You would like to design a product to sell to shopping malls that tells them more about the behaviours of their customers. The system would use cameras to track customers as they walk from store to...
If you are grilling hamburgers and getting impatient, why is it a good idea to flatten the burgers to make them wider and thinner?
Sandhill Company, as lessee, enters into a lease agreement on July 1, 2021, for equipment. The following data are relevant to the lease agreement: 1. 2. 3. The term of the noncancelable lease is 4...
88.20
P Company owns 80% of the outstanding stock of S Company. The 2012 sales of S Company included revenue of $390,000 consisting of consulting services billed to P Company at cost plus 30%. P Company...
Vandezande Inc. is considering the acquisition of a new machine that costs $464,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net...
You analyze the prospects of several companies and come to the following conclusions about the expected return on each: Stock Expected Return Starbucks................ 18% Sears.................. 8%...
The most recent financial statements for Martin, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $850 was paid, and Martin wishes to maintain...
What is the difference between the retained earnings number on the income statement and that on the balance sheet?
Show that the vector a which satisfies the vector equation must take the form a = (, 2 1, 1). If in addition the vector a makes an angle cos 1 (1/3) with the vector (i j + k) show that there are now...
Obtain the phase trajectories for a system governed by the equation \[\ddot{x}+0.4 \dot{x}+0.8 x=0\] with the initial conditions $x(0)=2$ and $\dot{x}(0)=1$ using the method of isoclines.
Indicate whether each of the following accounts normally has a debit balance or a credit balance. a. Land b. Dividends c. Accounts Payable d. Unearned Revenue e. Consulting Revenue f. Salaries...
Indicate whether each of the following accounts normally has a debit or credit balance. a. Common Stock b. Retained Earnings c. Land d. Accounts Receivable e. Insurance Expense f. Cash g. Dividends...
Match each of the items in the left column with the LO5, 6 appropriate annual report component from the right column: 1. The company's total liabilities 2. The sources of cash during the period 3. An...
Allegra Company has sales of $$167,000$ and a bicak-even sales point of $$123,000$. Compute Allegra s margin of safety and its margin of safety ratio.
For the Bicycle Inventory database, write a logical IF function that enters Markdown in column H if the purchase cost is less than $100 and the selling price is at least $125; if not, then enter a...
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
A company announces that its earnings have increased 50 percent over the previous year, which matches analysts expectations. What is the likely effect on the stock price? a. The stock price will...
Find the beta for Travelers (TRV) stock.
A stock has an expected return of 12 percent and a beta of 1.4, and the expected return on the market is 10 percent. What must the risk-free rate be?
Crane, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,794,207. Management expects that this will lead to additional cash flows of $1,560,000 for the next six...
Match each of the following transactions with the applicable internal control principle that is being violated
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...

Alphonse Inc. has a return on equity of 12 percent, 28,000 shares of stock outstanding, and a

Question:

Step by Step Answer:

EPS ...View the full answer

Fundamentals of Investments, Valuation and Management

Students also viewed these Business questions