Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a . How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended

a. How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30,2019?
Answer 1
4,638- Correct
thousand
At what average price were the preferred shares converted?
Round answer to two decimal places.
$Answer 2
69.51- Wrong
b. How many shares did the company issue for employee stock plans during the year?
Answer 3
55,734- Correct
thousand
At what average price were the common shares issued to employees?
Round answer to two decimal places.
$Answer 4
69.52- Wrong
c. The company reported basic EPS of $1.40 for the year. The company's stock price on June 28,2019(the closest day before the fiscal year-end) was $109.65.
Calculate the dividend payout ratio and dividend yield ratios.
Round answers to one decimal place (example: 0.2345=23.5%).
Dividend payout ratio Answer 5
207- Correct
Dividend yield Answer 6
2.6- Correct
d. How many share of stock did PG repurchase during the year?
Answer 7
53,714- Correct
thousand
At what average price per share?
Round answer to two decimal places.
$Answer 8
93.15- Wrong
e. Compute the company's market cap at June 28,2019.
Enter answer in millions. Round answer to the nearest million.
$Answer 9
274,587- Wrong
million
What is the market-to-book ratio on that day?
Round answer to two decimal places.
Answer 10
5.77- Correct
image text in transcribed

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

National Finance A Chinese Perspective

Authors: Yunxian Chen, Heming Yong

1st Edition

9813360917, 978-9813360914

More Books

Students also viewed these Finance questions

Question

How can you use sentence style to emphasize key thoughts? [LO-5]

Answered: 1 week ago

Question

In what ways can transitions be established? [LO-6]

Answered: 1 week ago