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 $629,000. The firm paid out $110,000 in cash dividends, and it has

image text in transcribed
image text in transcribed
Rossdale, Inc., had additions to retained earnings for the year just ended of $629,000. The firm paid out $110,000 in cash dividends, and it has ending total equity of $7.24 million Requirement 1: If the company currently has 610,000 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 Dividends per share Book value per share $ Requirement 2: If the stock currently sells for $29.40 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 times Requirement 2: If the stock currently sells for $29.40 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 times Requirement 3: If total sales were $10.54 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 with AI-Powered 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

Students also viewed these Finance questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago