Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had additions to retained earnings for the year just ended of $550,000. The firm paid out $125,000 in cash dividends, and it has

A company had additions to retained earnings for the year just ended of $550,000. The firm paid out $125,000 in cash dividends, and it has total equity of $2,000,000. If company currently has 60,000 shares of common stock outstanding. a) what are the earnings per share? Dividends per share? b) If the stock currently sells for $51 per share, what is the market-to-book ratio? The priceearnings ratio? c) If the company had sales of $450,000, what is price-sales ratio?

please answer a-c and explain your answer

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

Step: 3

blur-text-image

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

Budget Tools Financial Methods In The Public Sector

Authors: Greg G. Chen, Lynne A. Weikart, Daniel W. Williams

2nd Edition

1483307700, 9781483307701

More Books

Students also viewed these Finance questions

Question

Is your document clean, organized, and attractive?

Answered: 1 week ago