Bolton Corporation had additions to retained earnings for the year just ended of $627,000. The...
70.2K
Verified Solution
Link Copied!
Question
Finance
Bolton Corporation had additions to retained earnings for the year just ended of $627,000. The firm paid out $120,000 in cash dividends, and it has ending total equity of $7.22 million. a. If the company currently has 590,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 . b. If the stock currently sells for $29.20 per share, what is the market-to-book ratio? The priceearnings ratio? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. If total sales were $10.52 million, what is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Bolton Corporation had additions to retained earnings for the year just ended of $627,000. The firm paid out $120,000 in cash dividends, and it has ending total equity of $7.22 million. a. If the company currently has 590,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 . b. If the stock currently sells for $29.20 per share, what is the market-to-book ratio? The priceearnings ratio? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. If total sales were $10.52 million, what is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16 