Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2018, Finch Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of

image text in transcribed

During 2018, Finch Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of $100 par, 10 percent preferred stock and 395,000 shares of common stock. The company's total stockholders' equity is $19,500,000 at December 31, 2018. Finch Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45).) a. Earnings per share Book value per share Price-earnings ratio d. Dividend yield times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Outsourcing Dilemma Whats Best For Internal Auditing

Authors: Larry E. Rittenberg, Institute Of Internal Auditors Research Foundation, Lee A. Campbell

1st Edition

0894133845, 978-0894133848

More Books

Students also viewed these Accounting questions