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Can someone please show their work on how to do this? Thank you %E13-37 (similar to) Sand Dune Corp. earned net income of $117,150 and
Can someone please show their work on how to do this? Thank you
%E13-37 (similar to) Sand Dune Corp. earned net income of $117,150 and paid the minimum dividend to preferred stockholders for 2018. Assume that there are no changes in common shares outstanding during 2018. Sand Dune's books include the following figures: E (Click the icon to view the figures.) Read the requirements Requirement 1. Compute Sand Dune's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.) ( Net income Preferred dividends Ave. # common shrs OS = Earnings per share ($ 117,150 3,300 = $ 2.25 50,600 Requirement 2. Assume Sand Dune's market price of a share of common stock is $9 per share. Compute Sand Dune's price/earnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio for 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the ratio to two decimal places.) Price/earnings ratio i Data Table 55,000 Preferred Stock-6%, $55 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$2 par value; 110,000 shares authorized, 52,000 shares issued, 50,600 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,400 shares at cost 104,000 520,000 (28,000) Print DoneStep by Step Solution
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