The following information was available for the year ended December 31. 2016: Sales........................................................................................... $400.000 Net income..................................................................................... 60.000
Question:
The following information was available for the year ended December 31. 2016:
Sales........................................................................................... $400.000
Net income..................................................................................... 60.000
Average total assets.................................................................. 1.000.000
Average total stockholders' equity.............................................. 603.000
Dividends per share........................................................................... 2.40
Earnings per share.............................................................................. 6.00
Market price per share at year end.................................................. 96.00
Required:
a. Calculate margin, turnover, and ROI for the year ended December 31.2016.
b. Calculate ROE for the year ended December 31.2016.
c. Calculate the price/earnings ratio for 2016.
d. Calculate the dividend payout ratio for 2016.
e. Calculate the dividend yield for 2016.
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Step by Step Answer:
a Margin Net incomeSales 60000 400000 15 Turnover SalesAverage total assets 4000001000000 04 b RO...View the full answer
Accounting What the Numbers Mean
ISBN: 978-1259535314
11th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
