Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the castle company recently reported net profits a

The Castle Company recently reported net profits after taxes of $14.3 million. It has 5...

90.2K

Verified Solution

Question

Finance

The Castle Company recently reported net profits after taxes of $14.3 million. It has 5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $30 per share.

  1. Compute the stock's earnings per share (EPS). Round the answer to two decimal places. $ per share
  2. What's the stock's P/E ratio? Round the answer to two decimal places. $ times
  3. Determine what the stock's dividend yield would be if it paid $0.84 per share to common stockholders. Round the answer to two decimal places. %

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

When using Gaussian elimination to solve a system of linear equations, how can you recognize that...

Basic Math
Q

Describe how Transport for London (TFL) could have applied Lewin’s three stage model of change in...

General Management
Q

Veekay Company was organized on November 1 of the previous year. After seven months of start-up...

Accounting
Q

On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month,...

Accounting
Q

A high energy compound that takes part in most energy exchanges in a cell is...

Biology
Q

15 16 C QS The equivalent resistance between A and G is 3R A 4...

Physics
Q

6 When some potential difference is maintained between A and B current I enters the...

Physics
Q

1 54 8 Figure 1 54 shows four point charges at the of a square...

Physics
Q

Question 12 The Company used the following data to evaluate their current operating system....

Accounting
Q

Cascade Supply Company reported Interest expense of $8,500, Income tax expense of $26,400 and Net...

Accounting
Q

3a-3-e please ...

Accounting
Q

Carole was an avid investor. She purchased 500 shares of common stock for GH Inc....

Accounting