Question
Sehrt Corporation has provided the following financial data: Year 2 Year 1 Common stock, $3 par value $ 300,000 $ 300,000 Total stockholders' equity $
- Sehrt Corporation has provided the following financial data:
| Year 2 | Year 1 | |||||||
| Common stock, $3 par value | $ | 300,000 | $ | 300,000 | ||||
| Total stockholders' equity | $ | 803,000 | $ | 770,000 | ||||
The company's net income for Year 2 was $44,000. Dividends on common stock during Year 2 totaled $11,000. The market price of common stock at the end of Year 2 was $6.29 per share.
Required:
a. What is the company's earnings per share for Year 2?
b. What is the company's price-earnings ratio for Year 2?
c. What is the company's dividend payout ratio for Year 2?
d. What is the company's dividend yield ratio for Year 2?
e. What is the company's book value per share at the end of Year 2?
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Lets calculate each ratio step by step a Earnings per share EPS for Year 2 EPS Net Income DividendsW...
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
