Question
Freebird Inc. had a net income of $371,600 for the year ended May 31, 2013. The company does not have any preferred stock and has
Freebird Inc. had a net income of $371,600 for the year ended May 31, 2013. The company does not have any preferred stock and has 125,000 common shares outstanding for the entire year. During the year, they paid out $65,200 in dividends. Stockholders' equity is valued at $404,000.
Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate earnings per share. Earnings per share = $Answer b) Calculate the dividend payout ratio. Dividend Payout Ratio = Answer% c) Calculate the price earnings ratio assuming the market price is $15 per share. Price Earnings Ratio = Answer d) Calculate the book value per common stock. Book Value per Share = $Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started