Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during year 3, stuart corporation reported after-t

During Year 3, Stuart Corporation reported after-tax net income of $3,570,000. During the year, the...

60.1K

Verified Solution

Question

Accounting

image

During Year 3, Stuart Corporation reported after-tax net income of $3,570,000. During the year, the number of shares of stock outstanding remained constant at 9,500 of $100 par, 10 percent preferred stock and 399,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Stuart Corporation's common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.70 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times %

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

Finance
1.2K views

Dinklage Corp. has 5 million shares of common stock outstanding. The current share price is $71,...

Chemistry
1.2K views

Aspartate transcarbamoylase (ATCase) catalyzes the first step in the biosynthesis of a nucleotide. The end product...

Medical Sciences
1.2K views

Define and discuss the difference between micronutrients and macronutrients. Also, discuss their importance in the body...

Biology
1.2K views

Both polypeptides (proteins) and polynucleotides (RNA and DNA) are characterized by their primary structure. Briefly define that...

Physics
1.2K views

cut each double heli ugar phosph predictably sequences th c That is t dentical bas...

Basic Math
1.2K views

If f 0 tan 0 7 find f 0 f 0 x Simplify your answer

Basic Math
1.2K views

Write the product as a sum or difference cos 60 cos 40 01 cos120 2...

Basic Math
1.2K views

A box contains 30 widgets, 4 of which are defective. If 4 are sold at...

Calculus
1.2K views

If f x b x 3 for all x write a formula for b n...

Algebra
1.2K views

14 If 6x O O x 6 O x X 0 x 5 0 O...

Algebra
1.2K views

Choose the negation of the following statement If it rains this week then Anthony will...

Accounting
1.2K views

4C. Part 2. Special Revenue Fund Transactions Required: a. Record journal entries for the following...