What were dividends per share paid by the firm

Assignment Help Financial Management
Reference no: EM13980931

1. The year-end 2014 balance sheet for Brad’s Copy, Inc. lists common stock ($1.25 par value) at $7,626,000 capital surplus at $86,543,126 and retained earnings at $218,546,280. On the 2012 year-end balance sheet, retained earnings is listed as $214,368,900. The firm’s net income in 2014 was $12,050,120. No stock was issued or repurchased in 2014. What were dividends per share paid by the firm in 2014 (rounded to the nearest cent)?

2. The Lunder Company has total assets of $21,542,000, current liabilities of $2,547,000, and long-term liabilities of $7,410,000. The firm has 1,000,000 shares of common stock outstanding. Compute the firm’s book value per share.

3. Referring back to the previous question, if Lunder’s net income equals $1,600,000 and Lunder has a P/E ratio of 15.0 (note that P/E ratio = stock price per share divided by earnings per share), what is the current price of the stock?

Reference no: EM13980931

Questions Cloud

Decision influence ultimate amount of cash you will collect : It is a common fact that many lottery winners are “broke” sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount ..
Describe the main characters in the observed movie : Mention the name of the movie. Describe the setting and overall storyline of the movie. Describe the main characters in the observed movie section
What is the pv of this promise : You have been promised $1,000 by Joe Shmoe in 1 year. Shmoe investments has a market-beta of 2. If the expected rate of return on the market is 6% and the expected rate of return on risk-free bonds is 3%, what is the PV of this promise?
Describe his style of visionary/transformational leadership : Are there lessons from the case based on the movie Invictus about what institutions and organizations seeking to foster transformational and visionary leaders should avoid? Be specific
What were dividends per share paid by the firm : The year-end 2014 balance sheet for Brad’s Copy, Inc. lists common stock ($1.25 par value) at $7,626,000 capital surplus at $86,543,126 and retained earnings at $218,546,280. On the 2012 year-end balance sheet, retained earnings is listed as $214,368..
Compute allowance and net accounts receivable : In 2015, Variman, Incorporated had Gross Accounts receivable of $36,200 and management estimated the Allowance for Doubtful accounts to be $2,500. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 20..
Describe the setting and overall storyline of the movie : you will analyze a three- to five-minute section of a movie or a television episode depicting prejudice and stereotype. Describe the setting and overall storyline of the movie
The loan amortization schedule : An oil producer has borrowed $100,00 at an interest rate of 8% for a period of two years. Calculate the quarterly payment and monthly payment. Also show the loan amortization schedule for both quartly and monthly payment. Please show formulas.
Describe the setting and overall storyline of hitch movie : After watching the movie section, create a report on your analysis. In your report: Mention the name of the movie. Describe the setting and overall storyline of the movie

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the value of a right to the holder of that right

Modern Times ltd has 15,000,000 shares outstanding. It wishes to issue 3,000,000 new shares via a rights issue. If the current stock price is 50 and the subscription price is 45 per share, calculate the value of a right to the holder of that right.

  Assumes reinvestment of intermediate free cash flows

NPV assumes reinvestment of intermediate free cash flows at the cost of capital, while IRR assumes reinvestment of intermediate free cash flows at the IRR. NPV is the most theoretically correct capital budgeting decision tool examined in the text.

  Accumulated retained earnings and notes payable

Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $128,000; patents and copyrights = $630,000; accounts payable = $210,500; accounts receivable = $100,000; tangible net fixed assets = $1,620,000; inventory = $2..

  Prepare financial analysis

Prepare financial analysis of a chosen company Samsung Electronics a global telecommunications based company and the ticker symbol is Samsung Electronics Co.Ltd. SSNLF.

  Assume that market is in equilibrium

Bet'R Bilt Bikes just announced that their annual dividend for this coming year will be $1.42 a share and that all future dividends are expected to increase by 2.5% annually. What is the market rate of return if this stock is currently selling for $1..

  What is the firms total corporate value

Mooradian Corporation's free cash flow during the just ended year (t=0) was $180 million, and its FCF is expected to grow at a constant rate of 5.0% in the future.  If the weighted average cost of capital is 12.5 % what is the firm’s total corporate ..

  Expansion project-requires initial fixed asset investment

Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.566 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will be sold f..

  How much loss would company recognize on income statement

Randy's tireland makes a product that sells for $69 per unit and has $53 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement?

  How does annual financing cost differ from true annual rate

How is the annual financing cost for a short-term financing source calculated? How does the annual financing cost differ from the true annual percentage rate?

  Firms tax liability-income statement and balance sheet

The Bookbinder Company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year before taxes in the future. However, in 2013 the firm incurred a loss of $650,000. Show how it calculates this credit, and ..

  Project requires an initial cash investment

The Inventive Co. is considering a new project. This project requires an initial cash investment of $75,000. The project will generate cash inflows of $24,000 in the first year. Then, the project will do nothing for two years, after which time cash i..

  Teaching net present value and future value

You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value (FV) and how they are used to evaluate the price of stock. Describe the factors that are used in the NPV and ..

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