Calculate philagems 2003 earnings per share eps if the firm

Assignment Help Finance Basics
Reference no: EM13575738

Calculation of EPS and retained earnings Philagem, Inc., ended 2003 with net profit before taxes of $218,000. The company is subject to a 40% tax rate and must pay $32,000 in preferred stock dividends before distributing any earnings on the 85,000 shares of common stock currently outstanding.

a. Calculate Philagem's 2003 earnings per share (EPS).

b. If the firm paid common stock dividends of $0.80 per share, how many dollars would go to retained earnings?

Reference no: EM13575738

Questions Cloud

Oateaters corporation bonds are currently priced at : oateaters corporation bonds are currently priced at 953.77.they have a par value of 1000 and 6 years to maturity. they
Allocate indirect costs to the three divisions using each : smith hotel amp casino is situated on lake tahoe. the complex includes a 300-room hotel a casino and a restaurant. as
Investor a buys 100 shares of slm inc at 35 a share and : investor a buys 100 shares of slm inc. at 35 a share and holds the stock for a year. investor b buys 100 shares on
Stonehenge inc a manufacturer of landscaping blocks began : stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time
Calculate philagems 2003 earnings per share eps if the firm : calculation of eps and retained earnings philagem inc. ended 2003 with net profit before taxes of 218000. the company
Acquiring corporation transfers 5000 shares of its stock : acquiring corporation transfers 5000 shares of its stock worth 300000 and land worth 50000 basis to acquiring 30000 for
Since property plant and equipment and long-term : since property plant and equipment and long-term investments in stock represent a companys investment why do we
Financing a portion of a firms assets with securities : financing a portion of a firms assets with securities bearing a fixed rate of return in hopes of increasing the return
The stocks price is currently 2475 its dividend is expected : wacc and percentage of debt financing hook industries capital structure consists solely of debt and common equity. it

Reviews

Write a Review

Finance Basics Questions & Answers

  Compution of ranges where increase and decrease in return

Compution of ranges where increase and decrease in return occurs and describe and show the point where diminishing returns occurs

  What is the price/earnings p e ratio

1) ABC Company has total assets of $795,800. There are 40,505 shares outstanding with a market value of $24 per share. If the net profit margin is 7.8% and the total asset turnover is 2.2, what is the price/earnings (P/E) ratio?

  Which of the following is not a reason why a single set of

which of the following is not a reason why a single set of high-quality international accounting standards would be

  What is this stock worth to you per share

After that, the company has stated that the annual dividend will be $1.25 per share indefinitely. What is this stock worth to you per share if you demand a 10.8 percent rate of return on stocks of this type?

  Do you believe an increased common stock cash dividend can

do you believe an increased common stock cash dividend can send a signal to the common stockholders? if so what signal

  Cash management what options are available to a firm if r

cash management what options are available to a firm if r believes it has too much cash? how about too

  What is the payback period without discounting cash flows

The future after-tax cash inflows for years 1, 2, 3 and 4 are: $400,000, $300,000, $200,000 and $200,000, respectively. What is the payback period without discounting cash flows?

  Explain what is the actual rate

Explain what is the actual rate the payday loan business is charging on its loans?

  What is reason inventory is subtracted from current asserts

What is the reason inventory is subtracted from current assets when calculating the quick ratio?

  Which of the following predicts increasing debt ratios?

The relationship of corporate income taxes, personal income taxes on equity investments, and personal income taxes on interest income should have a predictable change in debt ratios; which of the following predicts increasing debt ratios?

  Calculate current expected price of the stock

A stock just paid a dividend of 2.00$. Due to the introduction of a proprietary product, the dividend growth rate is expected to be 30 percent for the next two years, 15% for the years 3 and 4, and then return to a growth rate assumption of four perc..

  What will the stock price be following the split

Becker Financial recently declared a 2 for 1 stock split. Prior to the split, the stock sold for $80 per share. IF the firm's total market value is unchanged by the split, what will the stock price be following the split?

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