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Problem 24-5 Pina Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide
Problem 24-5 Pina Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Pina Inc operations ($000 omitted) 2018 2017 Sales revenue Net income Average total assets Current assets Working capital Common shares 2016 2015 2014 $20,010 $16,010 $13,870 $6,030 $4,030 250 21,940 18,990 11,390 4,170 2,990 8,020 6,040 2,970 1,190 1,010 400 2,410 1,410 800 690 3,610 3,220 1 1,200 500 20 Number of shares outstanding (000) Average market price 2,000 $8 2,000 $6 2,000 $4 20 (b) Compute the return on assets, profit margin on sales, earnings per share, price-earnings ratio, and current ratio for each of the 5 years for Pina Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 2018 2017 2016 2015 2014 Return on assets Profit margin on sales Earnings per share Price-earnings ratio Current ratio times times times times times times times times
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