Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the sieep compsay had the following operating resu

The Sieep Compsay had the following operating results for 2021-2022. In addition, the company paid...

60.1K

Verified Solution

Question

Accounting

image
image
The Sieep Compsay had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $60,000 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022 . The industry average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,200,000 shares of outstanding stock at the end of 2022. Multiple Choice 18 20 3.9 4.7

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3 lypothesis Testing s a result of complaints from p e wait time was 4...

Statistics
Q

Today one U.S. farmer produces enough to feed: a. 100 people b. 20 people c. 5...

Chemistry
Q

Indicate the most appropriate viscoelastic property to be considered for the following applications: Heat build-up during tensile...

Mechanical Engineering
Q

Differentiate the function 5 x 4x 2 3x y 1 y 4 3x 5 2x...

Calculus
Q

Given the functions f (x) = x - 1 1and express it as a piecewise-defined...

Algebra
Q

9 cot 183 48

Algebra
Q

The Werner Corporation uses the weighted-average method in its process costing...

Accounting
Q

Spring Garden Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration ...

Accounting
Q

Check my work Hickory Company manufactures two products-14,000 units of Product Y and 6,000 units...

Accounting
Q

What was the percentage of change in Accounts Receivable if the balance was $80,000 in...

Accounting
Q

Read the iequirements Requirement 1. Calculate the diect labor rate variance. Requirements 1. Calculate the...

Accounting
Q

Milton Industries is a vertically integrated firm with several divisions that operate as decentralized profit...

Accounting