During the year, Ducat Company reported net income of $13,680, and its retained earning increased by...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
During the year, Ducat Company reported net income of $13,680, and its retained earning increased by $4,000 at the year end. Ducat Company has 2,000 outstanding shares and paid cash dividend of $2,105 during the year. Ducat Company currently traded on TSX at $20.00 per share. Required 1: How much is the earnings per share at the year end? $ Required 2: Ducat Company's Price to Earnings ratio is: Required 3: Ducat Company's Dividend Payout ratio is: Required 4: Ducat Company's Dividend Yield is: During the year, Ducat Company reported net income of $13,680, and its retained earning increased by $4,000 at the year end. Ducat Company has 2,000 outstanding shares and paid cash dividend of $2,105 during the year. Ducat Company currently traded on TSX at $20.00 per share. Required 1: How much is the earnings per share at the year end? $ Required 2: Ducat Company's Price to Earnings ratio is: Required 3: Ducat Company's Dividend Payout ratio is: Required 4: Ducat Company's Dividend Yield is:
Expert Answer:
Answer rating: 100% (QA)
Required 1 To calculate the earnings per share EPS at the year end we need to divide the net income ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Posted Date:
Students also viewed these accounting questions
-
The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid...
-
Oregano Inc. was formed on July 1, 2009. It was authorized to issue 300,000 shares of no par value common shares and 100,000 shares of cumulative and non-participating preferred stock carrying a $2...
-
What is not a key point in defining strategy? Understanding the market landscape being entered Improving a weakness Applying your advantages to the situation SMART objectives
-
After the car reaches 1 0 0 km / hthe driver immediately steps on the brakes and comes to a stop in 2 . 5 5 s . The brakes are at a distance 1 5 . 9 cm from the center of the wheel and the force they...
-
Explain on the basis of energy bands why the sodium chloride crystal is a good insulator.
-
Identify the major options when the organization is faced with a labor surplus or shortage.
-
The Mann Corporation began operations in 2015. Information relating to the companys purchases of inventory and sales of products for 2015 and 2016 is presented below. Calculate the FIFO cost of goods...
-
Costanza Company experienced the following events and transactions during July. July 1 Received $3,000 cash in advance of performing work for Vivian Solana. 6 Received $7,500 cash in advance of...
-
Question #3 [10 pts] The distribution of IQ scores for high school graduates is normally distributed with mean 400 and standard deviation 80. a) What is the 90th percentile of this distribution of...
-
1. Based on the information presented in this case, how would you describe Shake Shacks retail image? 2. How would you describe the store atmosphere that Shake Shack seeks to maintain? 3. The...
-
Figure 1 shows that a 140 kW low-speed turbine unit is driving a 4 pole, 50 Hz, asynchronous generator with the help of gearbox where the speed ratio is 26. The drive train parameters including...
-
1- Which of the UN sustainability development goal/goals do you think is important? Explain with reasons.. 2- Why Brands Do Greenwashing? Is Greenwashing a "fashion"? How Can Leaders Go Beyond...
-
House Price $2,500,000.00 Down Payment $50,000.00 Mortgage $2,450,000.00 Mortgage Closing Costs $5,000.00 Mortgage Buydown Points 1.75% Total Mortgage Costs $47,875.00 Annual Contract Rate 4.00% Term...
-
5. Using the online exchange estimator, fill out the below table assuming that you insure just yourself. Use an income of $100. List the costs for the bronze, silver, and gold levels. Level Bronze...
-
2. [20] Carbon dioxide (CO2) modeled as an ideal gas flows through the compressor and heat exchanger shown in the figure. The power input to the compressor is 100 kW. A separate liquid cooling water...
-
Sustainability in design of fashion and luxury subject questions to answer : what are your thoughts on this movement towards new generation materials? How is technology improving sustainability?
-
The market for backpacks is perfectly competitive. When a firm produces 4 backpacks a day, its average variable cost is at a minimum of $25 a backpack. On the graph, construct the firm's supply...
-
The test statistic in the NeymanPearson Lemma and the likelihood ratio test statistic K are intimately related. Consider testing H 0 : = 0 versus H a : = a , and let * denote the test statistic...
-
Assume that you are the president of Influence Corporation. At the end of the first year (December 31) of operations, the following financial data for the company are available: Cash...
-
On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.10 par value)......................... $ 60,000 Additional paid-in capital....................................
-
On January 1 of this year, Denver Corporation sold bonds with a face value of $300,000 and a coupon rate of 6 percent. The bonds mature in 10 years and pay interest annually every December 31. At the...
-
A zero coupon bond with a par value of $100 matures in five years. (a) What is the price of the bond if the yield to maturity is 5 per cent? (b) What is the price of the bond if the yield to maturity...
-
Find the present yield to maturity on government securities with maturities of one year, five years and ten years in the Financial Times. How has the yield curve changed since 2010 as shown in the...
-
Bond 1 has an annual coupon rate of 6 per cent and Bond 2 has an annual coupon of 12 percent. Both bonds mature in one year and have a par value of 100. If the yield to maturity on bonds of this risk...
Study smarter with the SolutionInn App