Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60,000. all sales were on account. assume that castile products, inc., paid dividends of $2.10 per share during the year. also assume that the company’s common stock had a market price of $42 at the end of the year and there was no change in the number of outstanding shares of common stock during the year. required: compute financial ratios as follows: 1. earnings per share. (round your answer to 2 decimal places.) 2. dividend payout ratio. (round your intermediate calculations to 2 decimal places. round your percentage final answer to nearest whole number (i. e., 0.1234 should be entered as 3. dividend yield ratio. (round your intermediate calculations to 2 decimal places. round your percentage final answer to nearest whole number (i. e., 0.1234 should be entered as 4. price-earnings ratio. (round your intermediate calculations to 2 decimal places. round your answer to nearest whole number.) 5. book value per share. (round your answer to 2 decimal places.)
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Business, 21.06.2019 22:20
Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?
Answers: 1
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 21:00
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
Business, 23.06.2019 11:20
In a hypothetical economy, a market basket consists of one laptop and two dvd players. in the base year, 2010, the price of a dvd player was $200, and the price of a laptop was $500. in 2015, the price of a dvd player was $380, and the price of a laptop was $750. the cpi for 2010 was
Answers: 3
Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $...
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