Answered step by step
Verified Expert Solution
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
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