Question
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements: For the Year
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements: |
For the Year Ended December 31, 2013: | |||
Net revenues | $ | 32,600 | |
Cost of services provided | 11,300 | ||
Depreciation expense | 5,000 | ||
Operating income | $ | 16,300 | |
Interest expense | 3,800 | ||
Income tax expense | 3,400 | ||
Net income | $ | 9,100 | |
At December 31, 2013: | |||
Assets | |||
Cash and short-term investments | $ | 2,600 | |
Accounts receivable, net | 9,700 | ||
Property, plant, and equipment, net | 80,400 | ||
Total assets | $ | 92,700 | |
Liabilities and Stockholders' Equity | |||
Accounts payable | $ | 2,000 | |
Income taxes payable | 1,300 | ||
Notes payable (long term) | 47,100 | ||
Paid-in capital | 13,000 | ||
Retained earnings | 29,300 | ||
Total liabilities and stockholders' equity | $ | 92,700 | |
At December 31, 2012, total assets were $80,300 and total stockholders' equity was $34,300. There were no changes in notes payable or paid-in capital during 2013. |
f-1. | Calculate the amount of dividends declared and paid during the year ended December 31, 2013. (Input your answer in thousands of dollars.) |
f-2. | Review the answer from part f-1. At this time. Assume that Gerrard Construction Co. had 1,035,000 shares of $1 par value common stock outstanding throughout 2013, and that the market price per share of common stock at December 31, 2013, was $18.73. Calculate the following profitability measures for the year ended December 31, 2013: |
Calculate earnings per share of common stock
(Round your answer to 2 decimal places.) |
Calculate price earnings ratio
(Round your answer to 1 decimal place.) |
Calculate: Dividend Yield Dividend Payout Ratio (Do not round intermediate calculations and round your final answers to 1 decimal place.) |
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