Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adiminus Inc had sales of R 15 million, a net profit margin of 8%, total assets of R 20 million, retained earnings for the year

image text in transcribed
Adiminus Inc had sales of R 15 million, a net profit margin of 8%, total assets of R 20 million, retained earnings for the year ended 31st December 2021 of R 345,000 and paid out cash dividends of R300,000 to ordinary shareholders. The company had total equity of R 8 million and 250,000 shares in issue. Calculate the firm's: a) EPS b) Dividends per share c) Market to book ratio, if each share of the firm sells for R 95 d) P/E ratio given the market price above e) ROE, f) Debt-equity ratio g) Times Interest Earned Ratio, if interest and tax are 15\% and 30\% of sales respectively

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

DeFi And The Future Of Finance

Authors: Campbell R. Harvey, Ashwin Ramachandran, Joey Santoro, Vitalik Buterin, Fred Ehrsam

1st Edition

1119836018, 978-1119836018

More Books

Students also viewed these Finance questions

Question

d. Who are important leaders and heroes of the group?

Answered: 1 week ago