During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the...

80.2K

Verified Solution

Question

Accounting

During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,580 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The companys total stockholders equity is $19,900,000 at December 31, Year 3. Jordan Corporations common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders.

  1. Compute the earnings per share.

    Note: Round your answer to 2 decimal places.

  2. Compute the book value per share of common stock.

    Note: Round your answer to 2 decimal places.

  3. Compute the price-earnings ratio.

    Note: Round intermediate calculations and final answer to 2 decimal places.

  4. Compute the dividend yield.

    Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45).

image
During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,580 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Jordan Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders. a. Compute the earnings per share. Note: Round your answer to 2 decimal places. b. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. c. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. d. Compute the dividend yield. Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45)

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students