The parts I need help on are in red, thanks!
II: Information about Stockholders' Equity at 3M Company A. What is the price-earnings ratio? Assume that the market price to use is $176.42. Show the formula, the amounts, and the steps in the calculation. Also remember to show the scale (in millions, thousands, whatever the amounts are). What is the meaning of the price-earnings ratio? Ratio Formula Answer Price-Earnings what investors Market Price per Share *** are willing to pay for eamings Earnings per Share 2019 $176.42 $7.92 22.28 times B. What is the dividend yield ratio? Use the market price as above, and show the formula, amounts and calculation as requested above. What is the meaning of the dividend yield ratio? Formula Answer Dividend Yield what the return is, in Earnings per Share dividends, compared to the current Market Price per Share *** market price of a share of stock Ratio 2019 $7.92 $176.42 0.0449 or 4.49% C. What are the amounts for Treasury Stock? Give the total dollar amount and the total number of shares. Consider the ending balance in Treasury Stock, in dollars and in number of shares. Show these amounts. In 2019 3M had $29,849 (in millions) in Treasury Stock. How do you find the number of shares? D. Consider your amounts in C. above. What is the average amount paid per share of Treasury Stock? Show the formula, amounts and calculation. How do you find the number of shares? treasury stock 3/6 2019 2018 s 2,353 98 4,791 2,853 380 5,020 3M Company and Subsidiaries Consolidated Balance Sheet At December 31 (Dollars in millions, except per share amount) Assets Current assets Cash and cash equivalents Marketable securities - current Accounts receivable - net of allowances of $161 and $95 Inventories Finished goods Work in process Raw materials and supplies Total inventories Prepaids Other current assets Total current assets Property, plant and equipment Less: Accumulated depreciation Property, plant and equipment - net Operating lease right of use assets Goodwill Intangible assets - net Other assets Total assets Liabilities Current liabilities Short-term borrowings and current portion of long-term debt Accounts payable Accrued payroll Accrued income taxes Operating lease liabilities - current Other current liabilities Total current liabilities 2,003 1,194 937 4,134 704 891 12,971 26,124 (16,791) 9,333 858 13,444 6,379 1,674 44,659 2,120 1,292 954 4,366 741 349 13,709 24,873 (16,135) 8,738 10,051 2,657 1,345 36,500 2,795 2,228 702 194 247 3,056 9.222 1,211 2,266 749 243 2,775 7,244 13,411 2,987 17,518 3,911 607 3.275 34,533 3,010 26,652 $ 9 S 9 Long-term debt Pension and postretirement benefits Operating lease liabilities Other liabilities Total liabilities Commitments and contingencies (Note 16) Equity 3M Company shareholders' equity: Common stock par value, $.01 par value; 944,033,056 shares issued Shares outstanding - 2019: 575,184,835 Shares outstanding - 2018: 576,575,168 Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income (Loss) Total 3M Company shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 5,907 42,135 (29,849) (8,139) 10,063 63 10,126 44,659 5,643 40,636 (29,626) (6,866 9,796 52 9,848 36,500 $ I S S
