Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share.

Question:

Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share. During the same year, the company paid an $0.80 per share cash dividend. Calculate the price earnings ratio and the payout ratio.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

See More Books

Question Posted: Mar 30, 2017 12:37 PM

See More Questions

Neil Diamond Brokers, Inc., reported earnings per share of $4.00 and paid $.90 in dividends. What is the payout ratio?
The 2015 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years: In 2016, Software City, Inc., declared and distributed a 100...
The 2017 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years. 2017 2016 2015 Earnings per...
To add new components or tools into the NetBeans IDE, one can use . a. The JFrame tool b. Plugins c. The PHP tool d. JavaFX
This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 17-34 of Chapter 17. Recall that Lawlor completed a special landscaping job for Sheldons Ideal Designs. If Lawlor had...
The basic accounting equation is: Assets = Liabilities + Owners Equity. Replacing the words in that equation with dollar amounts, what is Coca-Colas accounting equation at December 31, 2007?
If each point of the sample space of Figure 3.12 represents an outcome having the probability find, 32
Humble Company has provided the following budget information for the first quarter of 2016: Total sales ....................$ 208,000 Budgeted purchases of direct materials ....... 40,150 Budgeted...
For your conclusion, describe how the concepts of diaspora and accretion change the way local communities are defined by global historical event?
Jill possesses $160,000 worth of valuables. She faces a 0.2 probability of a burglary, where she would lose jewelry worth $70,000. She can buy an insurance policy for $15,000 that would fully...
Northlake Limited reports profit of $454,000 and its weighted average number of common shares is 220,000. Northlake also has 22,000, $2.50 preferred shares. Calculate earnings per share under each of...
The shareholders' equity section of Ferndale Corporation's balance sheet consists of 225,000 common shares for $2 million, and retained earnings of $600,000. A 10% stock dividend is declared when the...
Use the polar coordinate substitution x = r cos and y = r sin in Equation (15.6) to show that a doubling of y 0 causes a doubling of r for every fixed . Show that if y 0 increases, then y = f (x)...
7) A blob of clay of mass M is propelled upward from a spring that is initially compressed by an amount d. The spring constant is k. What is the ultimate height h above the unstretched spring's end...
A force, as measured by a gauge, of 300 kN is applied to a piston of a cylinder, compressing the gas within the cylinder. If the piston has a radius of 0.5 m and the atmospheric pressure is 100 kPa,...
Walker is 20 years old and single, lives in a rental house, and has no children. Last year, he earned 53,000 in his internship for KPMB. His wages withheld for federal income where $6,700. In...
how could an autidor test do test of controls for Amazon's sales and collection cycle
Impact on Financial Provision and Property Allocation: Discuss how these principles have contributed to a more equitable and fair approach to asset division in Miller McFarlane [2006] UKHL 24
Sandy acquired business machinery (which qualified as 7year MACRS property) on July 15, 2016, for $10,000. In 2016, Sandy claimed a $1,429 regular MACRS depreciation deduction and she elected not to...
What kind of financial pressures can an LBO cause?
(a) What information does a company need to manage its accounts receivable? (b) How is this information tracked in an accounting system?
Ernie Andrews thinks that a sale on a nonbank credit card should be recorded as a debit to cash, as cash will be received from the credit card company. Is Ernie correct? Explain.
Why can't a company know with certainty whether or not a customer will pay its account receivable?
In the Queries section of the Navigation Pane, right-click Stone Mountain Patients to select it and display the shortcut menu. 3. Click Copy on the shortcut menu. 4. Right-click the empty area near...
What is 'audit risk', and discuss/analyze the components of audit risk. b. List the four (4) things involved in the initial audit planning and which should be done early in the audit.
K Internal control is a plan of organization and a system of procedures, implemented by company. A. external auditors; management B. external auditors; board of directors OC. internal auditors;...

Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share.

Question:

Step by Step Answer:

Priceearnings ratio Market price ...View the full answer

Accounting Principles Part 3

Students also viewed these Cost Accounting questions