Manitou Corp. had additions to retained earnings for the year just ended of $174
ID: 2333839 • Letter: M
Question
Manitou Corp. had additions to retained earnings for the year just ended of $174,000. The firm paid out $190,000 in cash dividends, and it has ending total equity of $5.45 million. The company currently has 140,000 shares of common stock outstanding What are the earnings per share? (Round the final answer to 2 decimal places.) Earnings per share What are the dividends per share? (Round the final answer to 2 decimal places.) per share What is the book value per share? (Round the final answer to 2 decimal places.) Dividends Book value per share If the stock currently sells for $86 per share, what is the market-to-book ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Market-to-book ratio imes What is the price-earnings ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) Price-earnings ratio imes If the company had sales of $4.69 million, what is the price-sales ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price-sales ratio imesExplanation / Answer
Net Income
= Additions to retained earnings + Dividend Paid
= $174,000 + 190,000
= $364,000
Earnings Per Share
= Net Income / Number of common shares
= $364,000 / 140,000 shares
= $2.60 per share
Dividends Per Share
= Dividend / Number of common shares
= $190,000 / 140,000 shares
= $1.36 per share
Book Value per share
= Book Value / Number of common shares
= $54,50,000 / 140,000 shares
= $38.93 per share
Market to Book Ratio
= Share Price / Book Value per share
= $86 / 38.93
= 2.21 Times
Price Earnings Ratio
= Share price / Earnings per share
= $86 / 2.60
= 33.08 Times
Price-Sales Ratio
= Sales / Number of common shares
= $46,90,000 / 140,000 shares
= 33.50 Times
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