Question

the Tea company only has common stockholders. Last year , the company earned $47,000 on sales...

the Tea company only has common stockholders. Last year , the company earned $47,000 on sales of $163,200: the company average 18,050 outstanding common shares . On the most recent tranding , the common shares were selling at $75. What is this company's earning per share?
a. $11.65 per share.
b. $9.04 per share
c. $2.60 per share.
d. $0.38 per share.

The Orange Company reported net sales of $427,000. the company has average total assets of $928,600 of which $475,000 is property, plant, and equipment and the remainder is in current assets. What is the compan's assets tuenover ratio?

a. 0.46x

b. 0.90x

c. 0.94x

d. 2.17x

Which of the following cash flows wold included under the investing activites section of the cash flow statemnt? Assum indirect method used

a. Changes in the Accounts Recivable

b. Changes in (Gross) long-term Assets

c. Net income.

d. Cash dividend

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer to Question 1:

Earnings per share = Net income / Shares outstanding
Earnings per share = $47,000 / 18,050
Earnings per share = $2.60

Answer to Question 2:

Assets Turnover Ratio = Sales / Average Total Assets
Assets Turnover Ratio = $427,000 / $928,600
Assets Turnover Ratio = 0.46x

Answer to Question 3:

Changes in gross long-term assets is classified under investing activities.
Changes in the accounts receivable and net income are classified under operating activities.
Cash dividend is classified under financing activities.

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
Arquandt Company's net income last year was $550,000. The company has 150,000 shares of common stock...
Arquandt Company's net income last year was $550,000. The company has 150,000 shares of common stock and 50,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of $1.20 per share on the common stock and $1.70 per share on the preferred stock. The earnings per share of common stock are closest to: a $2.47. b $3.10. c $6.67. d...
Vesuvius Company has net sales revenue of $794,000, cost of goods sold of $350,200,net income of...
Vesuvius Company has net sales revenue of $794,000, cost of goods sold of $350,200,net income of $199,200, and preferred dividends of $17,000 during the current year. At the beginning of the year, 475,000 shares of common stock were outstanding, and, at the end of the year, 551,000 shares of common stock were outstanding.A total of 8,000 preferred shares were outstanding throughout the year. The company’s earnings per share for the current year is closest to: $0.87. $0.36. $1.44. $0.93.
Selected data from the Carmen Company at year end are presented below: ​ Total assets $2,000,000...
Selected data from the Carmen Company at year end are presented below: ​ Total assets $2,000,000 Average total assets 2,200,000 Net income 250,000 Sales 1,300,000 Average common stockholders' equity 1,000,000 Net cash provided by operating activities 275,000 Shares of common stock outstanding 10,000 Long-term investments 400,000 Calculate: (a) asset turnover ratio; (b) return on total assets; (c) return on common stockholders' equity; and (d) earnings per share on common stock. Assume the company had no preferred stock or interest expense....
The Amherst Company has a net profits of ​$88 ​million, sales of ​$124 ​million, and 2.2...
The Amherst Company has a net profits of ​$88 ​million, sales of ​$124 ​million, and 2.2 million shares of common stock outstanding. The company has total assets of ​$71 million and total​ stockholders' equity of ​$37 million. It pays ​$1.33 per share in common​ dividends, and the stock trades at $27 per share. Given this​ information, determine the​ following: a. ​Amherst's EPS. b. ​Amherst's book value per share and​ price-to-book-value ratio. c. The​ firm's P/E ratio. d. The​ company's net...
New Millenium Company earned $2.3 million in net income last year. It took depreciation deductions of...
New Millenium Company earned $2.3 million in net income last year. It took depreciation deductions of $290,000 and made new investments in working capital and fixed assets of $96,000 and $360.000, respectively. A. What was New Millenniums Free cash flow last year. B. Suppose that the company's free cash flow is expected to grow at 4% per year forever. If investors require a return of 9% on Millennium stock, what is the present value of Millenium's Future free cash flows?...
A company earned net income of $1,500,000 in 2019 and had 150,000 shares of common stock...
A company earned net income of $1,500,000 in 2019 and had 150,000 shares of common stock outstanding on January 1, 2019. The tax rate is 20% and the common stock sold at an average market price of $24 per share during the period. The company had the following transactions affecting common shares outstanding during the year: • Issued 50,000 shares of common stock on March 1, 2019 • Repurchased 5,000 shares of common stock on June 1, 2019 • Had...
St. Sebastian Company has forecasted a net income of $5,100,000 for this year. Its common stock...
St. Sebastian Company has forecasted a net income of $5,100,000 for this year. Its common stock currently trades at $22 per share, and the company currently has 720,000 shares of common stock outstanding. It has sufficient funds available to pay a cash dividend, but many of its investors don't like the additional tax liability to which the dividend income subjects them. As a result, St. Sebastian’s management is considering making a share repurchase transaction in which it would buy back...
Murray Company reports net income of $893,000 for the year. It has no preferred stock, and...
Murray Company reports net income of $893,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 380,000 shares.    Compute its basic earnings per share. Murray Company reports net income of $893,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 380,000 shares.    Compute its basic earnings per share. Basic Earnings Per Share Choose Numerator: / Choose Denominator: = Basic EPS – / = Basic EPS –...
Which of the following is not a right possessed by common stockholders of a corporation? a.the...
Which of the following is not a right possessed by common stockholders of a corporation? a.the right to share in assets upon liquidation b.the right to receive a minimum amount of dividends c.the right to vote in the election of the board of directors d.the right to sell their stock to anyone they choose --------------------------- The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for...
The company currently has 4,211,000 shares of common stock outstanding. The net income for the year...
The company currently has 4,211,000 shares of common stock outstanding. The net income for the year ending October 31, 2018, is $9,500,000. The market price of the share is $8.55. The company used a debt-equity ratio of 0.65 and return on assets for the year 2018 is 7.35%. Based on the given information, what is the earnings per share, price-earnings ratio, and return on equity? Calculate earnings per share, price-earnings ratio, and return on equity. EPS= PER= ROE=
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT