Question

The annual report of Dennis Industries cited these primary earnings per common share for the past...

The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.34, $1.37, $2.15, $4.28, and $5.08. If we assume these are population values.What is the arithmetic mean primary earnings per share of common stock? (Round your answer to 2 decimal places.) What is the variance? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hello Sir/Mam

We can calculate the desired results using excel in the following way:

EPS Formula Used
2.34 0.495616
1.37 2.802276
2.15 0.799236
4.28 1.527696
5.08 4.145296
Mean 3.044 =AVERAGE(J4:J8)
Variance 1.954024 =VAR.P(J4:J8)

We can also calculating using below formulas :

I hope this solves your doubt.

Do give a thumbs up if you find this helpful.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The annual report of Dennis Industries cited these primary earnings per common share for the past...
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.44, $1.05, $2.09, $4.23, and $7.28. If we assume these are population values. What is the arithmetic mean primary earnings per share of common stock? (Round your answer to 2 decimal places.) What is the variance? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The current price of Parador Industries stock is $66 per share. Current sales per share are...
The current price of Parador Industries stock is $66 per share. Current sales per share are $22.10, the sales growth rate is 4.5 percent, and Parador does not pay a dividend. The expected return on Parador stock is 17 percent. a. Calculate the sales per share one-year ahead. (Round your answer to 2 decimal places.) b. Calculate the P/S ratio one-year ahead. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The following table gives Foust Company's earnings per share for the last 10 years. The common...
The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 6.6 million shares outstanding, is now (1/1/17) selling for $52 per share. The expected dividend at the end of the current year (12/31/17) is 60% of the 2016 EPS. Because investors expect past trends to continue, g may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.) Year EPS Year...
Suppose Stark Ltd. just issued a dividend of $2.35 per share on its common stock. The...
Suppose Stark Ltd. just issued a dividend of $2.35 per share on its common stock. The company paid dividends of $1.90, $2.09, $2.16, and $2.27 per share in the last four years. If the stock currently sells for $50, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)   Cost of equity...
American Health Systems currently has 7,200,000 shares of stock outstanding and will report earnings of $12...
American Health Systems currently has 7,200,000 shares of stock outstanding and will report earnings of $12 million in the current year. The company is considering the issuance of 1,300,000 additional shares that will net $40 per share to the corporation. a. What is the immediate dilution potential for this new stock issue? (Do not round intermediate calculations and round your answer to 2 decimal places.)    b-1. Assume that American Health Systems can earn 15 percent on the proceeds of...
Ames, Inc., has a current stock price of $44.50. For the past year, the company had...
Ames, Inc., has a current stock price of $44.50. For the past year, the company had net income of $6,400,000, total equity of $21,610,000, sales of $39,300,000, and 4.4 million shares of stock outstanding. What are earnings per share (EPS)? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Earnings per share [] $ What is the price?earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)...
Ames, Inc., has a current stock price of $43.00. For the past year, the company had...
Ames, Inc., has a current stock price of $43.00. For the past year, the company had net income of $6,550,000, total equity of $21,640,000, sales of $39,600,000, and 4.7 million shares of stock outstanding. What are earnings per share (EPS)? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Earnings per share            $ What is the price?earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price?earnings...
Louisiana Timber Company currently has 4 million shares of stock outstanding and will report earnings of...
Louisiana Timber Company currently has 4 million shares of stock outstanding and will report earnings of $6.03 million in the current year. The company is considering the issuance of 2 million additional shares that will net $36 per share to the corporation. a. What is the immediate dilution potential for this new stock issue? (Do not round intermediate calculations and round your answer to 2 decimal places.)    b-1. Assume the Louisiana Timber Company can earn 12.80 percent on the...
Makers Corp. had additions to retained earnings for the year just ended of $301,000. The firm...
Makers Corp. had additions to retained earnings for the year just ended of $301,000. The firm paid out $179,000 in cash dividends, and it has ending total equity of $4.84 million. The company currently has 150,000 shares of common stock outstanding.    What are earnings per share? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)       Earnings $  per share    What are dividends per share? (Do not round intermediate calculations and round...
Suppose that a firm’s recent earnings per share and dividend per share are $3.90 and $2.90,...
Suppose that a firm’s recent earnings per share and dividend per share are $3.90 and $2.90, respectively. Both are expected to grow at 7 percent. However, the firm’s current P/E ratio of 20 seems high for this growth rate. The P/E ratio is expected to fall to 16 within five years. Compute the dividends over the next five years. (Do not round intermediate calculations and round your final answers to 3 decimal places.) Dividends Years First year $ 3.10 Second...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT