Marry Inc. provided the following information from its accounting records for the years ended December 31, 2023
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Question:
- Marry Inc. provided the following information from its accounting records for the years ended December 31, 2023 and 2022.
- 2023 2022
- Income from continuing operations (net of tax) 824,000 795,000
- Income from discontinued operations (net of tax) 143,000 86,000
- Net income 967,000 881,000
- Number of common shares outstanding throughout year 100,000 100,000
- Beginning retained earnings 1,807,000 1,755,000
- Current liabilities 634,000 523,000
- Long-term liabilities 959,000 834,000
- Market price per share 17 12
- Total dividends paid 428,000 364,000
No shares were issued or redeemed during the two years. The company has never issued any preferred shares. Common shares were sold for $1 per share.- Calculate the following ratios for both years.
- Dividend Payout Ratio
- Price-Earnings Ratio
- Book Value per Common Share
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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