Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bolton Corporation had additions to retained earnings for the year just ended of $ 6 4 4 , 0 0 0 . The firm paid

Bolton Corporation had additions to retained earnings for the year just ended of $644,000. The firm paid out $35,000 in cash dividends, and it has ending total equity of $7.39 million.
a. If the company currently has 760,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
b. If the stock currently sells for $30.90 per share, what is the market-to-book ratio? The price-earnings ratio?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
c. If total sales were $10.69 million, what is the price-sales ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[a. Earnings per share,],[Dividends per share,],[Book value per share,],[b. Market-to-book ratio,times],[Price-earnings ratio,times],[c. Price-sales ratio,times]]
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

The Compensation Committee Handbook

Authors: James F. Reda, Stewart Reifler, Michael L. Stevens

4th Edition

1118370619, 978-1118370612

More Books

Students also viewed these Finance questions

Question

Evaluate employees readiness for training. page 275

Answered: 1 week ago