Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Take me to the text Marry Inc. provided the following information from its accounting records for the years ended December 31, 2021 and 2020. 2021
Take me to the text Marry Inc. provided the following information from its accounting records for the years ended December 31, 2021 and 2020. 2021 2020 Income from continuing operations (net of tax) 840,000 877,000 Income from discontinued operations (net of tax) 128,000 133,000 Net income 968,000 1,010,000 Number of common shares outstanding throughout year 100,000 100,000 Beginning retained earnings 1,842,000 1,738,000 Current liabilities 675,000 460,000 Long-term liabilities 847,000 701,000 Market price per share - 19 12 Total dividends paid 442,000 376,000 No shares were issued or redeemed during the two years. The company has never issued any preferred shares. Common shares were sold for $1 per share. Calculate the following ratios for both years. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. 2021 2020 EPS 9.68 10.1 Dividend Payout Ratio 45.66 37.23 Price-Earnings Ratio 19 12 Book Value per Common Share
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