Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. Calculating Market Value Ratios Dove, Inc., had additions to retained earnings for the year just ended of $486,000. The firm paid out $175,000

image text in transcribed

6. Calculating Market Value Ratios Dove, Inc., had additions to retained earnings for the year just ended of $486,000. The firm paid out $175,000 in cash dividends, and it has ending total equity of $6.825 million. If the company currently has 335,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? If the stock currently sells for $46 per share, what is the market-to-book ratio? The price-earnings ratio? If total sales were $15.4 million, what is the price-sales ratio? 7. DuPont Identity If jPhone, Inc., has an equity multiplier of 1.67, total asset turnover of 1.45, and a profit margin of 5.9 percent, what is its ROE? 8. DuPont Identity Croc Gator Removal has a profit margin of 6.4 percent, total asset turnover of 1.73, and ROE of 14.3 percent. What is this firm's debt-equity ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

11th Edition

978-0132568968, 9780132568968

More Books

Students also viewed these Accounting questions