(Working with the income statement) If the Marifield Steel Fabrication Company earned $463,000 in net income and paid a cash dividend of $280,000 to its stockholders, what are the firm's earnings per share if the firm has 103,000 shares of stock outstanding? The company's earnings per share are? round nearest cent

(Working with the income statement) If the Marifield Steel Fabrication Company earned $463,000 in net income and paid a cash dividend of $280,000 to its stockholders, what are the firm's earnings per share if the firm has 103,000 shares of stock outstanding? The company's earnings per share are? round nearest cent

Name: (Working with the income statement) If the Marifield Steel Fabricati
Uploaded: 2022-11-04T13:36:16.000Z
Channel: Bartleby
Description: (Working with the income statement) If the Marifield Steel Fabrication Company earned$463,000in net income and paid a cash dividend of$280,000to its stockholders, what are the firm's earnings per share if the firm has103,000shares of stock outst

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

See similar textbooks

Similar questions

Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000, addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number of shares outstanding = 19,000. What is the firm's times interest earned ratio? O 1.76 1.52 11.41 O 1.42
Suppose a firm pays total dividends of $456,000 out of net income of $1.9 million. What would the firm’s payout ratio be? (Round your answer to 2 decimal places.)
if the Marifield Steel Fabrication Company earned $470 in net income and paid a cash dividend of $271,000 to its stockholders, what are the firm's earnings per share if the firm has 101,000 shares of stock outstanding? The company's earnings per share are ?
If the Marifield Steel Fabrication Company earned $539,000 in net income and paid a cash dividend of $259,000 to its stockholders, what are the firm's earnings per share if the firm has 93,000 shares of stock outstanding?
Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of $8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding. a. What are earnings per share (EPS)? b. What is the Price-earnings ratio? c. What is the Price sales ratio? d. What is Book value per share?
Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the firm’s payout ratio be?
Behlens Manufacturing has calculated its earnings per share as $1.25. If the corporation has 500,000 shares outstanding, what is the amount of after-tax income?
A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has sales revenue of $10000, what is its net income?(answer is 1012.5) A firm has cash flow from assets of $200, cash flow to creditors of $125, and $15 of net equity raised. Calculate the amount of dividends paid to shareholders.(answer is 90) What is the firm’s sustainable growth rate?
The Howe Company's stockholders' equity account is as follows: LOADING... . The earnings available for common stockholders from this period's operations are $100,000, which have been included as part of the $2.1 million retained earnings. a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b. If the firm has $140,000 in cash, what is the largest per-share dividend it can pay without borrowing? c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. Question content area bottom Part 1 a. The maximum dividend per share that the firm can is $enter your response here. (Round to the nearest cent.) Part 2 b. If the firm has $140,000 in cash, the largest per-share dividend it can pay without borrowing is $enter your response here. (Round…
Ziggy Inc., has sales of $817,000 costs of $343,000, depreciation expense of $51,000, interest expense of $38,000 and tax rate of 35%. What is the net income of the firm? Suppose the firm paid out $95,000 in cash dividends. What is the addition to retained earnings? Suppose the firm had 90,000 shares of common stock outstanding. What is the earnings per share? What is the dividends per share figure?