Julie, Inc., has a total debt ratio of 0.45. In addition, the company had additions...

50.1K

Verified Solution

Question

Finance

Julie, Inc., has a total debt ratio of 0.45. In addition, the company had additions to retained earnings for the year just ended of $300,000, the firm paid out $220,000 in cash dividends, and it has ending total equity of $5 million. 2.3 a. What is its debt-equity ratio? b. What is the companys equity multiplier? c. If Julie, Inc currently has 300,000 shares of common stock outstanding, what are earnings per share? d. What are the dividends per share? e. What is book value per share?

f. If the stock currently sells for $25 per share, what is the market to book ratio?

g. What is the price earnings ratio?

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