Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Martinez Corporation had additions to retained earnings for the year just ended of $ 1 7 4 , 0 0 0 . The firm paid

Martinez Corporation had additions to retained earnings for the year just ended of $174,000. The firm paid out $190,000 in cash
dividends, and it has ending total equity of $4.95 million. The company currently has 140,000 shares of common stock outstanding.
a. What are earnings per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What are dividends per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
c. What is the book value per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
d. If the stock currently sells for $86 per share, what is the market-to-book ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
e. What is the price-earnings ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
f. If the company had sales of $4.69 million, what is the price-sales ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
image text in transcribed

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

Personal Finance And Investments

Authors: Keith Redhead

1st Edition

0415428629, 978-0415428620

More Books

Students also viewed these Finance questions

Question

Composition of the U.S. workforce by profession

Answered: 1 week ago

Question

Number of franchise outlets in the United States

Answered: 1 week ago

Question

Performance ratios for office supply retailers

Answered: 1 week ago