Question
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
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
___________________________________________________
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
___________________________________________________
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
___________________________________________________
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
___________________________________________________
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
___________________________________________________
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
___________________________________________________
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
___________________________________________________
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
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