Question
Mihok Corporation has provided the following financial data: YEAR 2 YEAR 1 Stockholders' equity: Common stock, $3 par value $300,000 $300,000 Additional paid-in capitalcommon stock
Mihok Corporation has provided the following financial data:
YEAR 2 YEAR 1
Stockholders' equity:
Common stock, $3 par value $300,000 $300,000
Additional paid-in capitalcommon stock $100,000 $100,000
Retained earnings $375,000 $370,000
Total stockholders' equity $775,000 $770,000
Income Statement for the year ended Dec 31 Year 2
Sales $1,380,000
cost of goods sold $780,000
gross margin $600,000
operating expenses $567,714
net operating income $32,286
interest expense $18,000
net Income before taxes $14,286
income taxes (30%) $4,286
net income $10,000
Dividends on common stock during Year 2 totaled $5,000. The market price of common stock at the end of Year 2 was $0.97 per share.
Required: Explain answers
A. What is the company's earnings per share for Year 2?
B. What is the company's price-earnings ratio for Year 2?
C. What is the company's dividend payout ratio for Year 2?
D. What is the company's dividend yield ratio for Year 2?
E. What is the company's book value per share at the end of Year 2?
To whoever can answer this is a genius! Thank you
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