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 $ 2 8 5 , 0 0 0 . The firm paid

Martinez Corporation had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividends, and it has ending total equity of $4.85 million. The company currently has 150,000 shares of common stock outstanding.
What are earnings per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What are dividends per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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.
If the stock currently sells for $79 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.
What is the price-earnings ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
If the company had sales of $5.19 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.

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_2

Step: 3

blur-text-image_3

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

Public Finance

Authors: Harvey Rosen, Ted Gayer

8th Edition

0073511285, 9780073511283

More Books

Students also viewed these Finance questions