What is the company earnings per share

Assignment Help Business Management
Reference no: EM131774426

Mihok Corporation has provided the following financial data:

Stockholers equity: Year 2 Year 1

Common stock, $3 par value...................................................................$300,000 $300,00

Additional paid in capital-common stock..................................................100,000 100,000

Retained earnings....................................................................................375,000 370,000

Total stockholders equity.............................................................................$775,000 $770,000

Income statement

For the year ended December 31 Year 2

Sales.........................................................$1,380,000

Cost of goods sold.....................................780,000

Gross margin..............................................600,000

Operating expenses...................................567,714

Net operating income.................................32,286

Interest expense.........................................18,000

Net income before taxes..............................14,286

INcome taxes (30%)....................................4,286

Net income...................................................$10,000

Dividends on common stock during Year 2 totalled $5,000. The market price of common stock at the end of YEar 2 was $.97 per share.

Required: Please show work

A. What is the company's earnings per share for Year 2?

B. What is the company's price-earnings ratio for Year 2?

C. What is the company's dividend payout ratio for Year 2?

D. What is the company's dividend yield ratio for Year 2?

E. What is the company's book value per share at thge end of Year 2?

Reference no: EM131774426

Questions Cloud

Consumer surplus associated with the unit of consumption : Suppose that the demand curve for coffee is Q = 10 - P and the supply curve is Q = 2P - 2. Draw the supply and demand curves below.
What is the break-even point in unit sales for product : If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? (Do not round intermediate calculations.)
Compare the four causes of information risk faced by users : Compare the four causes of information risk faced by users of financial statements as discussed in this chapter with those faced by a buyer of an automobile
Components of pestel analysis : Identify and explain the 6 components of PESTEL analysis?
What is the company earnings per share : A. What is the company's earnings per share for Year 2? B. What is the company's price-earnings ratio for Year 2?
What major problems are the auditors likely to encounter : What major problems are the auditors likely to encounter in conducting the investigation and writing the report
Advantages of each of the four types of auditing careers : What are the major advantages and disadvantages of each of the four types of auditing careers? What other types of auditing careers are available
What will the inflation rate be : Suppose the velocity of money is constant and potential output grows by 5% per year. For each of the following money supply growth rates.
Compute the company contribution margin for may : Determine which expenses are mixed and, by use of the high-low method, separate each mixed expense into variable and fixed elements.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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