Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. e 9-21 earnings per share, price-earnings ratio, d

E 9-21 Earnings per share, price-earnings ratio, dividend yield Obj. 5 The...

50.1K

Verified Solution

Question

Accounting

E 9-21 Earnings per share, price-earnings ratio, dividend yield
Obj. 5
The following information was taken from the financial statements of Monarch Resources
Inc. for December 31 of the current year:
Details
The net income was $1,300,000, and the declared dividends on the common stock were
$460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio,
(c) the dividends per share, and (d) the dividend yield.
Answer:
Check Figure: Price-earnings ratio, 8.0
image

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!
Become a Member

Other questions asked by students

Q

A contractor builds two types of homes. The Carolina requires one lot, $160,000 capital, and 160...

Advance Math
Q

What are the implications of saying that African Americans are owed reparations for other groups of...

Psychology
Q

The Dobzhansky Muller model provides an explanation for why hybrids have low fitness. Which description...

Biology
Q

Which area under Improving Our Environment did you find most interesting and w H Normal...

Biology
Q

The first hominin to expand their range well outside of Africa were OA Homo sapiens...

Biology
Q

A table for f x is given below X f x X g x f...

Calculus
Q

July 2021 Transactions Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank...

Accounting
Q

During August 2018, Robo Company recorded the following Sales of 115,200 $90,000 on account...

Accounting
Q

During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of...

Accounting
Q

Allowance Method;;; David Company had used the allowance method recognizing credit losses and had provided...

Accounting
Q

Jeremy earned $101,000 in salary and $7,000 in interest income during the year. Jeremys employer...

Accounting
Q

thank you! Dimsdale Sports, a merchandising company, reports the...

Accounting