Question
Data for OwenOwen State Bank follow: LOADING... (Click the icon to view the data.)Evaluate the common stock of OwenOwen State Bank as an investment. Specifically,
Data for
OwenOwen
State Bank follow:
LOADING...
(Click the icon to view the data.)Evaluate the common stock of
OwenOwen
State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or decreased in attractiveness during the past year. Round to two decimal places.
Begin by selecting the formula to calculate the price/earnings ratio.
| Price/earnings ratio | = |
|
|
| 2018 | 2017 |
| Net Income | $41,400 | $36,600 |
| DividendsCommon | 24,000 | 24,000 |
| DividendsPreferred | 11,400 | 11,400 |
| Total Stockholders' Equity at Year-End |
|
|
| (includes 60,000 shares of common stock) | 790,000 | 620,000 |
| Preferred Stock | 220,000 | 220,000 |
| Market Price per Share of Common Stock | $16.50 | $11.00 |
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The Mcgraw Hill 36 Hour Course In Finance For Non Financial Managers
Authors: Robert Cooke
2nd Edition
0071425462, 978-0071425469
