Common Stock Ratios and Book Value The Ebert Corporation has outstanding 450,000 shares of 9% preferred stock
Question:
Common Stock Ratios and Book Value The Ebert Corporation has outstanding 450,000 shares of 9% preferred stock with a $100 par value and 10 million shares of $1 par value common stock. The current market price of the common is $24, and the latest annual dividend rate per common share is $2 per share. Common treasury stock consists of 500,000 shares costing $8 million. The company has $150 million of additional paid-in capital, $20 million of retained earnings, and $12 million of investments in affiliated companies. Net income for the current year is $20 million. Compute the following: 1. Total stockholders' equity 2. Common P-E ratio 3. Common dividend-yield percentage 4. Common dividend-payout percentage 5. Book value per share of common
Step by Step Answer:
Introduction To Financial Accounting
ISBN: 0131479725
9th Edition
Authors: Charles T Horngren, John A Elliott