Question

Katy Perry's shoe company has very unpredictable dividends. Knowing that the shoe industry price-earnings ratio is...

Katy Perry's shoe company has very unpredictable dividends. Knowing that the shoe industry price-earnings ratio is 0.80 and earnings per share are currently $23.13, what do you expect the price to be today?

Show answer and steps in excel

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS SUCH ONLY MULTIPLICATION WAS THERE, SO NO NEED OF EXCEL, BUT AS YOU HAVE ASKED, I HAVE PRIVIDED EXCEL, WITH CELL REFERENCE

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
Kreeman's Inc. has earnings per share of $12. If the industry average PE ratio is 20,...
Kreeman's Inc. has earnings per share of $12. If the industry average PE ratio is 20, what is the price of Kreeman's stock? Please show work
Horse and Buggy Inc. is in a declining industry. Sales, earnings, and dividends are all shrinking...
Horse and Buggy Inc. is in a declining industry. Sales, earnings, and dividends are all shrinking at a rate of 5% per year. a. If r = 15% and DIV1 = $4, what is the value of a share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What price do you forecast for the stock next year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What rate of return should...
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...
PRICE/EARNINGS RATIO A company has an EPS of $1.50, a book value per share of $14.55,...
PRICE/EARNINGS RATIO A company has an EPS of $1.50, a book value per share of $14.55, and a market/book ratio of 1.4x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places.  x
anitou Corp. had additions to retained earnings for the year just ended of $359,000. The firm...
anitou Corp. had additions to retained earnings for the year just ended of $359,000. The firm paid out $181,000 in cash dividends, and it has ending total equity of $5.36 million. The company currently has 150,000 shares of common stock outstanding. What are the earnings per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Earnings           $  per share What are the dividends per share? (Round the final answer to 2 decimal places. Omit...
Rossdale, Inc., had additions to retained earnings for the year just ended of $632,000. The firm...
Rossdale, Inc., had additions to retained earnings for the year just ended of $632,000. The firm paid out $95,000 in cash dividends, and it has ending total equity of $7.27 million. If the company currently has 640,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Earning per share $ ___ Dividends per share $...
Please Solve the following The restaurant industry has a trailing PE ratio of 24.91, a Price/Sales...
Please Solve the following The restaurant industry has a trailing PE ratio of 24.91, a Price/Sales ratio of 3.77, and a dividend yield of 2.10%. McDonald’s Corp (MCD) has trailing EPS of $6.66, sales per share of $27.50, and annual dividends of $3.90. Based on each of the restaurant industry multiples and the underlying EPS, sales, and dividends for MCD, estimate the value per share of MCD. Then calculate the weighted average value per share (weighting each value equally). (Enter...
Problem 3-6 Calculating Market Value Ratios [LO2] Makers Corp. had additions to retained earnings for the...
Problem 3-6 Calculating Market Value Ratios [LO2] Makers Corp. had additions to retained earnings for the year just ended of $174,000. The firm paid out $190,000 in cash dividends, and it has ending total equity of $4.95 million. The company currently has 140,000 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?...
Your company has steady earnings of $4/share, no retained earnings, and is currently selling for $40/share....
Your company has steady earnings of $4/share, no retained earnings, and is currently selling for $40/share. A junior executive has suggested that you reduce the dividend by half and invest the retained earnings in new projects that will return the same ROE as the firm’s current assets, 16%. Assuming these additional new projects that will pay a return equal to the current ROE, is this a good idea? Prove your answer. Please show all work and do not use excel...
9. a company pays annual dividends as a percentage of annual earnings per share. Last year...
9. a company pays annual dividends as a percentage of annual earnings per share. Last year the companys stock earned $8.00 per share and the dividend payout ratio was 25%.The company just announced expectations that that earnings are to increase by 48 cents per share in the coming year and that they will keep the payout ratio dividends the same as last year at 25% per share. The company also said that future dividends will grow at the same rate...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT