Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 3-6 Calculating Market Value Ratios (LO2) Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out

image text in transcribed

Problem 3-6 Calculating Market Value Ratios (LO2) Makers Corp. 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? (Do not round Intermediate calculations and round your final answer to 2 decimal places, e.g. 32.16.) Earnings $ 3.10 per share What are dividends per share? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g. 32.16.) Dividends 120 per share What is the book value per share? (Do not round Intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Book value 32.33 per share If the stock currently sells for $79 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g.. 32.16.) 2.44 Market-to-book ratio times What is the price-earnings ratio? (Do not round Intermediate calculations and round your final answer to 2 decimal places. (e.... 32.16.) Price-earnings ratio 10.43 times If the company had sales of $5.19 million, what is the price-sales ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g.. 32.16.) Price-sales ratio 0.93 times

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

Principles Of Banking

Authors: Allyn C Buzzel

11th Edition

089982689X, 9780899826899

More Books

Students also viewed these Finance questions