Question
How do I get the EPS, dividend rate/yield, and book value per share? Dewart Pier Company (DPC) stock is listed at $34 per share.Select DPC
How do I get the EPS, dividend rate/yield, and book value per share?
Dewart Pier Company (DPC) stock is listed at $34 per share.Select DPC data is below.Perform financial analysis on the data to evaluate DPC's financial position.
DEWART PIER COMPANY
Comparative Balance Sheet
December 31, 2020 and 2019
Assets 2020 2019
Current assets
Cash $610,000 $415,000
Accounts receivable 340,000 280,000
Inventories 95,000 115,000
Total current assets $1,045,000 $810,000
Property, plant, & equipment
Land $410,000 $400,000
Building 650,000 650,000
Equipment 936,000 900,000
$1,996,000 $1,950,000
Less: Accumulated depreciation (358,000) (332,000)
Total property, plant, & equipment $1,638,000 $1,618,000
Total assets $2,683,000 $2,428,000
Liabilities
Current liabilities
Accounts payable $250,000 $220,000
Interest payable 55,000 35,000
Total current liabilities $305,000 $255,000
Long-term liabilities
Long-term note payable 1,000,000 915,000
Total liabilities $1,305,000 $1,170,000
Stockholders' equity
Common stock ($0.25 par) $100,000 $100,000
Paid-in capital in excess of par 655,000 655,000
Retained earnings 623,000 503,000
Total stockholders' equity $1,378,000 $1,258,000
Total liabilities and equity $2,683,000 $2,428,000
DEWART PIER COMPANY
Statement of Retained Earnings
For the Year Ending December 31, 2020
Beginning retained earnings, January 1 $503,000
Plus: Net income 170,000
$673,000
Less: Dividends 50,000
Ending retained earnings, December 31 $623,000
DEWART PIER COMPANY
Income Statement
For the year ending December 31, 2020
Revenues $1,745,000
Cost of goods sold 980,000
Gross profit $765,000
Operating expenses
Salaries $295,000
Interest 65,000
Depreciation 40,000
Other operating expenses 155,000 555,000
Income before income taxes $210,000
Less: Income taxes 40,000
Net income $170,000
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