Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need it in hurry!! please do req 3! Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view
need it in hurry!! please do req 3!
Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Triumph's has 800,000 common shares outstanding during 2016, Requirements 1. Compute earnings per share (EPS) for 2016 for Triumph's. Round to the nearest cent 2. Compute Triumph's Companies' price/earnings ratio for 2016. The market price per share of Triumph's stock is $62.50 3. What do these results mean when evaluating Triumph's Companies' profitability? Requirement 1. Compute earnings per share (EPS) for 2016 for Triumph's. Round to the nearest cent. Begin by selecting the formula to calculate Triumph's Companies' EPS. Then enter the amounts and calculate the EPS for 2016. (Abbreviation used: Weighted avg number of CSO - weighted average number of common shares outstanding, market price per share of CS-market price per share of common stock. Complete all input boxes Enter a "0" for balance with a zero value. Round your answer to the nearest cent. SX XX) Net income Preferred dividends ) Weighted avg number of CSO EPS 14000000 800000 17.5 4 3. What do these results mean when evaluating Triumph's Companies' profitability? Requirement 2. Compute Triumph's Companies' price/earnings ratio for 2016. The market price per share of Triumph's stock is 562,50. Begin by selecting the formula to calculate Triumph's Companies' price/earnings ratio. Then enter the amounts and calculate the EPS for 2016. (Abbreviation used Weighted avg number of CSO - weighted average number of common shares outstanding, market price per share of CS market price per share of common stock Round your answer to two decimal places, XXX) Market price per share of CS Earnings per share Price/earnings ratio 62 50 175 3.57 Renuirement? What in these resulte maan when avaistinn Trinh's Camnaniee'nnfitabilit? (Accome the following industry marang FPS = $281 Choose from any list or enter any number in the innut elds and then continue to the next question E: CUI I view Ure Udidle ) Triumph's has 800,000 common shares outstanding during 2016 Requirements 1. Compute earnings per share (EPS) for 2016 for Triumph's. Round to the nearest cent. 2. Compute Triumph's Companies' price/earnings ratio for 2016. The market price per share of Triumph's stock is 562,50 3. What do these results mean when evaluating Triumph's Companies' profitability? Earnings per share Market price per share of CS Pricelearni 3.57 times its dividends declared 62.50 17.5 3.57 times one year's earnings. 3.57 times the market price per share. Requirement 3. What do these results mean when evaluating Triumph's Companies' profitability pricelearnings ratio = 22.3.) $17.50 Triumph's Companies' price/earnings ratio for 2016 means that the company's stock is selling at This is amount of earnings per share would possibly = $2.81 The Choose from any list or enter any number in the input fields and then continue to the next question arest cent rice per share of Triumph's stock is $62.50. bility? = Pricelearnings ratio 3.57 nies' profitability? (Assume the following industry averages: EPS = $2.81, ock is selling at This is The high. ue to the next question. low. normal Trumph s nas 800,000 common shares outstanding during 2016, Requirements 1. Compute earnings per share (EPS) for 2016 for Triumph's. Round to the neare 2. Compute Triumph's Companies' pricelearnings ratio for 2016. The market price What do these results mean when evaluating Triumph's Companies' profitabilit Market price per share of CS 1 Earnings per share 62.50 17.5 Requirement 3. What do these results mean when evaluating Triumph's Companies pricelearnings ratio = 22.3.) Triumph's Companies' price/earnings ratio for 2016 means that the company's stock amount of earnings per share would possibly G G low any list or enter any number in the input fields and then continue t high view the income statement.) (Click the icon to view the balance sheets.) common shares outstanding during 2016. gs per share (EPS) for 2016 for Triumph's. Round to the nearest cent. bh's Companies' pricelearnings ratio for 2016. The market price per share of Triumph's stock i esults mean when evaluating Triumph's Companies' profitability? share of CS 1 Earnings per share Price/earnings ratio - decrease the amount of dividends declared. olla t do these results mean when e 22.3.) make the company a good investment opportunity. reduce the value of the company. "pricelearnings ratio for 2016 m nings per share would possibly For enter any number in the input fields and then continue to the next question e improver income st i Data Table on shares hare (EPS mpanies' pr ean when Triumph's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 2015 CS Net Sales $ Cost of Goods Sold 49,200,000 $ 42,900.000 28,400,000 28,600,000 600,000 280,000 6,200,000 7 800,000 se results Interest Expense All Other Expenses GA arnings rat 6,220,000 14,000,000 $ Net Income r share wo Print Done any num li May 31, 2016 and 2015 Assets Liabilities 2016 2015 2016 2015 Cash $ 2,000,000 $ 13,100,000 10,400,000 23,500,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets 25,000,000 7,400,000 7.000.000 10.000.000 1,300,000 Total Current Liabilities $ 33,000,000 $ 13.000.000 Long-term Liabilities 13,400.000 5,200,000 Total Liabilities 46,400,000 8,600,000 Stockholders' Equity 2.500,000 Common Stock 10,000,000 30.600.000 Retained Earnings 30,000,000 26.000.000 Total Equity 40.000.000 56,600,000 86,400,000 S Total Liabilities and Equity 10.000.000 23.100.000 Total Current Assets 51,400,000 35.000.000 All Other Assets 33,100,000 86,400,000 $ Total Assets 56,600,000 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