Question
Bolton Corporation had additions to retained earnings for the year just ended of $260,000. The firm paid out $195,000 in cash dividends, and it has
Bolton Corporation had additions to retained earnings for the year just ended of $260,000. The firm paid out $195,000 in cash dividends, and it has ending total equity of $5.00 million. The company currently has 130,000 shares of common stock outstanding.
a. What are earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What are dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d. If the stock currently sells for $73 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
e. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
f. If the company had sales of $4.16 million, what is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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