During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number...
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During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 10 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $20,000,000 at December 31, Year 3. Jordan 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 $5.00 per share to common stockholders. a. Compute the earnings per share. Note: Round your answer to 2 decimal places. b. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. c. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. d. Compute the dividend yield. Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45). a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times 9.62 % During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 10 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $20,000,000 at December 31, Year 3. Jordan 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 $5.00 per share to common stockholders. a. Compute the earnings per share. Note: Round your answer to 2 decimal places. b. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. c. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. d. Compute the dividend yield. Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45). a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times 9.62 %
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Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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