Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rossdale, Inc., had additions to retained earnings for the year just ended of $ 891,000. The firm paid out $ 491,000 in cash dividends, and
Rossdale, Inc., had additions to retained earnings for the year just ended of $ 891,000. The firm paid out $ 491,000 in cash dividends, and has ending total equity of $ 7.95 million. If the company currently has a million common shares outstanding, what are the earnings per share? Dividends per share? What is the book value per share? If the stock currently sells for $ 112 per share, what is the market to book ratio? The price-earnings ratio? If total sales were $ 28.25 million, what is the price sales ratio?
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