Dove, Inc., had additions to retained earnings for the year just ended of $627,000. The firm...

80.2K

Verified Solution

Question

Finance

Dove, Inc., had additions to retained earnings for the year justended of $627,000. The firm paid out $120,000 in cash dividends,and it has ending total equity of $7.22 million.
a. If the company currently has 590,000 shares of common stockoutstanding, what are earnings per share? Dividends per share? Whatis book value per share? (Do not round intermediatecalculations and round your answers to 2 decimal places, e.g.,32.16.)
b.
If the stock currently sells for $29.20 per share, what is themarket-to-book ratio? The price-earnings ratio? (Do notround intermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16.)
c. If total sales were $10.52 million, what is the price-salesratio? (Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)
a. Earnings per share
Dividends per share $0.20
Book value per share $12.23
b. Market-to-book ratio 2.38
Price-earnings ratio
c. Price-sales ratio 1.63

Answer & Explanation Solved by verified expert

3.9 Ratings (731 Votes)

Answer to Part a Net Income Addition to Retained Earnings Dividends Net Income 627000 120000 Net Income 747000 Earnings per Share Net Income Common Stock Outstanding Earnings per Share 747000 See Answer

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: Zin AI - Your personal assistant for all your inquiries!

Become a Member

Dove, Inc., had additions to retained earnings for the year just ended of $627,000. The firm...

80.2K

Verified Solution

Question

Finance

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

35. The Center for Medicare and Medical Services reported that there were 295,000 appeals for hospitalization...

Similarities and differences between natural, domestic, and sexual selection.

The use of illegal substances in professional sports. 2-3 page essay with 2 sources

What is an ethical concern regarding employee wellness programs? There are no ethical concerns with employee wellness programs possibly...

Let ?be the solid region bounded by the surfaces ?=10??2??2and ?=1. Let ?be the boundary of...

Determine if x = 0 is an ordinary point, regular singular point, or irregualr singlar point...

1 Two 2 2 resistances are connected in parallel in circuit X and in series...

Find the general solution to the given system of differential equations Consider all functions to...

Reference \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ December 31, 2024} \\ \hline \multicolumn{5}{|l|}{ Assets } \\ \hline \multicolumn{5}{|l|}{...

Wimpy Inc. produces and sells a single product. The selling price of the product is...

Describe the effect of stock repurchases on income statement, balance sheet, reported EPS, ROA, and...

Assume that the books Sally prints have an average selling price of approximately $8. What...

a.	If the company currently has 590,000 shares of common stockoutstanding, what are earnings per share? Dividends per share? Whatis book value per share? (Do not round intermediatecalculations and round your answers to 2 decimal places, e.g.,32.16.)
b.	If the stock currently sells for $29.20 per share, what is themarket-to-book ratio? The price-earnings ratio? (Do notround intermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16.)
c.	If total sales were $10.52 million, what is the price-salesratio? (Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)