Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Makers Corp. had additions to retained earnings for the year just ended of $359,000. The firm paid out $181,000 in cash dividends, and it has

Makers Corp. had additions to retained earnings for the year just ended of $359,000. The firm paid out $181,000 in cash dividends, and it has ending total equity of $4.86 million. The company currently has 150,000 shares of common stock outstanding. What is the book value per share? If the stock currently sells for $75 per share, what is the market-to-book ratio? If the company had sales of $4.59 million, what is the price-sales ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Quantitative Finance

Authors: Härdle

3rd Edition

3662544857, 978-3662544853

More Books

Students also viewed these Finance questions

Question

Was the punitive damages award proper?

Answered: 1 week ago