Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rossdale, Inc., had additions to retained earnings for the year just ended of dollar 640,000. The firm paid out dollar 55,000 in cash dividends, and

image text in transcribed

Rossdale, Inc., had additions to retained earnings for the year just ended of dollar 640,000. The firm paid out dollar 55,000 in cash dividends, and it has ending total equity of dollar 7.35 million. Requirement 1: If the company currently has 720,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Earnings per share dollar Dividends per share dollar Book value per share dollar Requirement 2: If the stock currently sells for dollar 30.50 per share, what is the market-to-book ratio? The price-earnings ratio? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Market-to-book ratio Price-earnings ratio times Requirement 3: If total sales were dollor 10.65 million, what is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Price-sales ratio 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

Finance At 40 Financial Intelligence

Authors: MOIRA O'NEILL Moira O'Neill

1st Edition

1408101114, 978-1408101117

More Books

Students also viewed these Finance questions

Question

Make efficient use of your practice time?

Answered: 1 week ago