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Earnings per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost
Earnings per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.)
2016 | |
---|---|
Sales revenue | $210,000 |
Cost of goods sold | 125,000 |
Net income | 9,300 |
Dividends | 3,600 |
Earnings per share | 4.65 |
Hi-Tech Instruments, Inc. Balance Sheet | ||
---|---|---|
(Thousands of Dollars) | Dec. 31, 2016 | Dec. 31, 2015 |
Assets | ||
Cash | $18,300 | $18,000 |
Accounts receivable (net) | 46,000 | 41,000 |
Inventory | 39,500 | 43,700 |
Total current assets | 103,800 | 102,700 |
Plant assets (net) | 52,600 | 50,500 |
Other assets | 15,600 | 13,800 |
Total assets | $172,000 | $167,000 |
Liabilities and Stockholders' Equity | ||
Notes payable-banks | $6,000 | $6,000 |
Accounts payable | 22,500 | 18,700 |
Accrued liabilities | 16,500 | 21,000 |
Total current liabilities | 45,000 | 45,700 |
9% Bonds payable | 40,000 | 40,000 |
Total liabilities | 85,000 | 85,700 |
Common stock, $25 par value (2,000,000 shares) | 50,000 | 50,000 |
Retained earnings | 37,000 | 31,300 |
Total stockholders' equity | 87,000 | 81,300 |
Total liabilities and stockholders' equity | $172,000 | $167,000 |
If the companys most recent price per share of common stock is $62.25, what is the companys price-earnings ratio and dividend yield?
Round answers to one decimal place.
Price-earnings ratio
Answer
Dividend yield
Answer
%
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