Compute the book value per share of common stock

Assignment Help Financial Accounting
Reference no: EM131295622

During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,820 of $100 par, 9 percent preferred stock and 398,000 shares of common stock. The company’s total stockholders’ equity is $19,900,000 at December 31, 2014. Desny Corporation’s common stock was selling at $54 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.50 per share to common stockholders.

Compute the earnings per share. (Round your answer to 2 decimal places.)

Earning per share:_____

Compute the book value per share of common stock. (Round your answer to 2 decimal places.)

Book value per share:____

Compute the price-earnings ratio. (Round intermediate calculations and answer to 2 decimal places.)

Price earning ratio:_____ times

Compute the dividend yield. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

Dividend yield:______%

Reference no: EM131295622

Questions Cloud

Development of employee help with conflicts : How does training and development of employee's help with conflicts? What type of training and development can be completed?
Sells winter wheat in perfectly competitive market : Farmer Ted sells winter wheat in a perfectly competitive market. The market price for a bushel of winter wheat is $9. Ted has 270 bushels of wheat to sell. If his total variable cost is $2,000 and his total fixed cost is $500, then Ted:
Role of culture when motivating employees : 1. Consider the role of culture when motivating employees. Describe some differences that can gain employee trust in at least three countries. Each country should be located on a different continent.
Compute the book value per share of common stock : During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,820 of $100 par, 9 percent preferred stock and 398,000 shares of common stock. Compute the b..
Discusses the communication process : In a well thought-out post of 500 words or more (in your own words), please answer the following. Please use the proper APA citation process for referencing: 1. Use the Internet to find a source that discusses the communication process. What..
Find the phasor gain and the input impedance : The dependent source circuit in Figure is operating in the sinusoidal steady state with ω = 1 krad/s and μ = 104.- Find the phasor gain K = VO/VS and the input impedance ZIN seen by VS.
Red rock mines and distributes various types of rocks : Red Rock, Inc. mines and distributes various types of rocks. Most of the company's rock is sold to contractors who use the product in highway construction projects. Aracely Hudson, company president, believes that the company needs to advertise to in..
Examples of satisfactory responsiveness : Describe large, bureaucratic organizations with which, you have had contact that have not responded flexibly to customer demands. Also describe examples of satisfactory responsiveness. What do you think accounts for the differences between the res..

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Statement of cash flow

Evaluate a statement of cash flows-indirect method Consider three independent cases for the cash flows of Building Blocks Corp

  What amount is reportable as interest income

Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $175 in interest on a savings account at the Moss National Bank and $1,475 in interest on California Municipal Bonds. Elmer and Elsie filed a joint inco..

  Compare and contrast the consumer price index

Compare and contrast the consumer price index (CPI) and the gross domestic product (GDP) price index regarding their viability in tracking the current health of the economy.

  Net credit sales as basis for determining bad-debt expense

At the end of the fiscal 2015 year, Acme Company has the following information: Credit Sales, $2,500,000; Sales Returns and Allowances, $25,000; Accounts Receivable, $200,000; and Allowance for Doubtful Accounts with a Debit, $1,500. Prepare the gene..

  Compute the contribution margin ratio for each approach

Compute the contribution margin ratio for each approach. Interpret the contribution margins. What is the beak-even point in sales for each approach? What are the implications of your findings? Determine the degree of operating leverage for each appro..

  Find an adjusting entry for each transaction

Find an adjusting entry for each transaction. If none is required, explain why. Prepare a corrected income statement for the year, including earnings per share.

  The book value of stokes net assets-equity method is applied

Hobson acquires 40% of the outstanding voting stock of Stokes Company on January 1, 2008, for $210,000 in cash. The book value of Stokes's net assets on that date was $400,000, although one of the company's buildings with a $60,000 carrying value, wa..

  Use present value formula to determine amount

Use the present value formula to determine the amount to be invested now, or the present value needed if the desired accumulated amount is $15,000 after 7 years invested in an account with 4% interest compounded quarterly.

  Explain the purpose of adjusting entries

Provide me an example of a transaction that would affect the accounting equation. You will do this for your employer, college or self and briefly define and explain the purpose of adjusting entries?

  Questions on budgetary control system

Multiple choice questions on budgetary control system - The cash budget is usually prepared before the production budget.

  1 marvin corp a publicly accountable entity sold new

1. marvin corp a publicly accountable entity sold new production equipment to terrell inc. marvin corp. has agreed to

  Allowance for doubtful accounts

Deflated Ball Incorporated (DBI) reported the following information in the Accounts Receivable section of their end of year 2015 financial statements: Accounts Receivable $ 103,000 Allowance for Doubtful Accounts (1,600) During 2016 the following occ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd