Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate profitability measures The following information was available for the year ended December 31, 2016: Sales $ 400,000 Net income 60,000 Average total assets 1,000,000
Calculate profitability measures The following information was available for the year ended December 31, 2016:
Sales | $ 400,000 |
Net income | 60,000 |
Average total assets | 1,000,000 |
Average total stockholders' equity | 600,000 |
Dividends per share | 2.40 |
Earnings per share | 6.00 |
Market price per share at year-end | 96.00 |
Required:
Calculate margin, turnover, and ROI for the year ended December 31, 2016.
Calculate ROE for the year ended December 31, 2016.
Calculate the price/earnings ratio for 2016.
Calculate the dividend payout ratio for 2016.
Calculate the dividend yield for 2016.
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