Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. e 9-21 earnings per share, price-earnings ratio, d

E 9-21 Earnings per share, price-earnings ratio, dividend yield Obj. 5 The...

50.1K

Verified Solution

Question

Accounting

E 9-21 Earnings per share, price-earnings ratio, dividend yield
Obj. 5
The following information was taken from the financial statements of Monarch Resources
Inc. for December 31 of the current year:
Details
The net income was $1,300,000, and the declared dividends on the common stock were
$460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio,
(c) the dividends per share, and (d) the dividend yield.
Answer:
Check Figure: Price-earnings ratio, 8.0
image

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

Chemistry
1.2K views

Calculate the hydronium ion concentration and the pH when 50.0ml of 0.40M NH3 is mixed with...

Biology
1.2K views

Water cycle 1 Transpiration The evaporation of water from Carbon Cycle 2 Photosynthesis Plants 3...

Basic Math
1.2K views

Solve the system by elimination 3x 4z 13 5x 4y 3 y 2 6 Express...

Basic Math
1.2K views

2 7 A 3400 lb car is traveling in third gear overall gear reduction ratio...

Basic Math
1.2K views

Write the English phrase as an algebraic expression. Then simplify the expression. Let x represent...

Basic Math
1.2K views

The probability that a 30-year-old female will live to age 31 is 0.98. If a...

Algebra
1.2K views

Question 49 2 points A study was being conducted about how much college students spend...

Accounting
1.2K views

You are earning an average of $45,900 and will retire in 11 years. If you...

Accounting
1.2K views

each 5100 par value bond. At the time of issuance, the wartants were selling for...

Accounting
1.2K views

$ 149 82 39 Imperial Jewelers manufactures and sells a gold bracelet for $406.00. The...

Accounting
1.2K views

Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility...

Accounting
1.2K views

Step 1: Understanding the Concept of Repatriation of Foreign Earnings When a...