Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bolton Corporation had additions to retained earnings for the year just ended of $626,000. The firm paid out $125,000 in cash dividends, and it
Bolton Corporation had additions to retained earnings for the year just ended of $626,000. The firm paid out $125,000 in cash dividends, and it has ending total equity of $7.21 million. a. If the company currently has 580,000 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 $29.10 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 $10.51 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. a. Earnings per share Dividends per share Book value per share b. Market-to-book ratio Price-earnings ratio c. Price-sales ratio times times times
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