Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

32) Cercei's Cutlery Company reported the following for2018: Earnings/share: $18.68 Market price per share of commonstock: $65 Number of shares of common stockoutstanding: 79,000 Netincome:

32) Cercei's Cutlery Company reported the following for2018:

Earnings/share:

$18.68

Market price per share of commonstock:

$65

Number of shares of common stockoutstanding:

79,000

Netincome:

$56,000

Dividends/share:

$6.73

What is the dividend yield forCercei's CutleryCompany? (Round your final answer to two decimalplaces, X.XX%.)

39.09%

10.35%

36.03%

28.74%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney

4th Edition

0470506989, 978-0470506981

More Books

Students also viewed these Accounting questions

Question

★★★★★

Find Var(X) if P(X = a) = p = 1 P(X = b)

Answered: 1 week ago

Question

★★★★★

Selected accounts from the Pearson, Gomez, and Litt Partnership adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. $10,000 15,000 20,000 5,000 $ 5,000...

Answered: 1 week ago

Question

★★★★★

Using the Birth Weight data set (a) create a scatterplot of babys birth weight (BWT) versus mothers weight at the last menstrual period (LWT). (b) describe the pattern of the data cloud in the...

Answered: 1 week ago

Question

★★★★★

1. What factors should be considered when developing inventory systems for the 10,000 items carried by Dano's? What are the key differences between items that would affect how their inventory is...

Answered: 1 week ago

Question

★★★★★

The following information was taken from the records of Yang Motorsports, Inc. at November 30, 2018: (Click the icon to view the data.) Prepare a multi-step income statement for Yang Motorsports for...

Answered: 1 week ago

Question

★★★★★

On July 1, 2020, Splish Brothers Company pays $14,640 to its insurance company for a 2-year insurance policy. Prepare the necessary journal entries for Splish Brothers on July 1 and December 31....

Answered: 1 week ago

Question

★★★★★

1) BobTheCat Enterprises has asked FoxFirst Consulting to help with upgrading 600 desktop users from Windows 7 to Windows 10. As per contract, FoxFirst will provide the upgrade strategy. Discuss...

Answered: 1 week ago

Question

★★★★★

Harvey's Restaurants In your own words, explain the Harvey's brand, Canadian values, and range of products/services. A minimum of four sentences is required here. Strengths Explain three (3)...

Answered: 1 week ago

Question

★★★★★

Find the initial basic feasible solution for the TP by VAM. D D2 D3 Dy Supply Dz 0, 11 13 17 14 250 02 16 16 18 14 10 300 03 21 24 13 10 400 Dem 200 225 275 250 950

Answered: 1 week ago

Question

★★★★★

3. Both Hawks Nest and the Upper Big Branch mine were underground work locations. Does this have any significance in the hiding of safety violations? If so, how? 4. Why would a modern organization...

Answered: 1 week ago

Question

★★★★★

Any device which carries data between end devices? The answer i picked is Intermediary Device is that correct if not what would the answer be?

Answered: 1 week ago

Question

★★★★★

5. Get a third party to mediate, so that both parties have the opportunity to go back to their original negotiating point that they had before the third party put forward his/her proposal.

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: a) What we seek to achieve is different from why we seek to achieve it. b) Thoughts are different from what we are thinking about. c) Writing to find out what one...

Answered: 1 week ago

Question

★★★★★

2. Provide new information and before 20 seconds have elapsed, add more infor-mation. The initial information will then be lost from memory for most people.

Answered: 1 week ago

Previous Question Next Question