1.

A company has net income of $5,000,000. It has 2,600,000 weighted-average common shares outstanding and a price-earnings ratio of 19.15. What is the market value per share of this company's stock?

$1.90

$36.40

$261,096.61

$10.00

$19.15

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2.

A company has net income of $4,180,000. It also has 550,000 weighted-average common shares outstanding and a price-earnings ratio of 20.6. What is the market value per share of this company's stock?

$2.85

$156.56

$26,699

$.37

$2,710.53

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3.

A company's board of directors votes to declare a total cash dividend of $50,000. The company has 5,000 shares of $1 par common stock and 800 shares of 3%, $100 par preferred stock outstanding. What is the total amount that will be paid to preferred shareholders?

$1,000

$50,000

$800

$2,400

$45,000

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4.

A company has 1,000 shares of $50 par value preferred stock outstanding and the call price of its preferred stock is $79 per share. It also has 29,500 shares of common stock outstanding and the total value of its stockholders' equity is $938,400. The company's book value per common share equals:

$30.2

$29.1

$30.10

$31.81

$79.00

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5.

A company has a market value per share of $ 55.80. Its net income is $ 4,320,000 and the weighted-average number of shares outstanding is 480,000. The company's price-earnings ratio is equal to:

12.0

3.10

6.2

11.11

16.13

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6.

Prior to June 1, a company has never had any treasury stock transactions. The company repurchased 130 shares of its common stock on June 1 for $6,500. On July 1, it reissued 65 of these shares at $55 per share. On August 1, it reissued the remaining treasury shares at $46 per share. What is the balance in the Contributed Capital, Treasury Stock, account on August 2?

$6,550

$3,575

$130

$65

$0

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7.

Shamrock Company had net income of $47,000. On January 1, there were 9,700 shares of common stock outstanding. On April 1, the company issued an additional 2,850 shares of common stock. The company declared a $3,400 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company has an earnings per share of:

$3.68

$3.47

$4.49

$3.97

$4.85

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8.

Shamrock Company had net income of $34,000 and weighted average shares outstanding of 8,400. There were no other stock transactions. The company has earnings per share of:

$4.05

$3.21

$3.12

$15.45

$3.38