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

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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 ratio2.38
Price-earnings ratio
c.Price-sales ratio1.63

Answer & Explanation Solved by verified expert
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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
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