elected financial information about Backpacking Resources, Inc.,
is as follows: Total assets $15,000,000 Total liabilities
$4,500,000...
elected financial information about Backpacking Resources, Inc.,
is as follows: Total assets $15,000,000 Total liabilities
$4,500,000 Total preferred stock $1,500,000 Total annual preferred
stock dividends $120,000 Net profits after tax $1,500,000 Number of
shares of common stock outstanding 450,000 shares Current market
price of common stock $54.00 a share Annual common stock dividends
$1.62 a share Using the company's financial information, compute
the following: Dividend yield. Round the answer to two decimal
places. % Book value per share. Round your...
Chapter 12
Financial Planning Exercise 2
Calculating key financial ratios
Selected financial information about Backpacking Resources,...
Chapter 12
Financial Planning Exercise 2
Calculating key financial ratios
Selected financial information about Backpacking Resources,
Inc., is as follows:
Total assets
$10,000,000
Total liabilities
$3,000,000
Total preferred stock
$500,000
Total annual preferred stock dividends
$35,000
Net profits after tax
$500,000
Number of shares of common stock outstanding
450,000 shares
Current market price of common stock
$63.00 a share
Annual common stock dividends
$4.41 a share
Using the company's financial information, compute the
following:
Dividend yield. Round the answer to...
The following information was taken from the financial
statements of Monarch Resources Inc. for December 31...
The following information was taken from the financial
statements of Monarch Resources Inc. for December 31 of the current
year: Common stock, $40 par value (no change during the year)
$12,400,000 Preferred $10 stock, $200 par (no change during the
year) 8,000,000 The net income was $1,392,000, and the declared
dividends on the common stock were $272,800 for the current year.
The market price of the common stock is $40 per share. For the
common stock, determine (a) the earnings...
Required information
[The following information applies to the questions
displayed below.]
Raphael Corporation’s common stock is...
Required information
[The following information applies to the questions
displayed below.]
Raphael Corporation’s common stock is currently selling on a stock
exchange at $189 per share, and its current balance sheet shows the
following stockholders’ equity section:
Preferred stock—5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding
$
65,000
Common stock—$___ par value, 4,000 shares authorized, issued,
and outstanding
120,000
Retained earnings
350,000
Total stockholders’ equity
$
535,000
6.1 If two years’ preferred dividends are in
arrears...
An analyst gathers the following information about Meyer,
Inc.:
Meyer has 1,100 shares of 8% cumulative...
An analyst gathers the following information about Meyer,
Inc.:
Meyer has 1,100 shares of 8% cumulative preferred stock
outstanding, with a par value of $100 and liquidation value of
$110.
Meyer has 24,000 shares of common stock outstanding, with a par
value of $20.
Meyer had retained earnings at the beginning of the year of
$5,600,000.
Net income for the year was $82,000.
This year, for the first time in its history, Meyer paid no
dividends on preferred or common...
Suppose the Schoof Company has this book value balance
sheet:
Current assets
$30,000,000
Current liabilities
$20,000,000...
Suppose the Schoof Company has this book value balance
sheet:
Current assets
$30,000,000
Current liabilities
$20,000,000
Fixed assets
70,000,000
Notes payable
$10,000,000
Long-term debt
30,000,000
Common stock (1 million shares)
1,000,000
Retained earnings
39,000,000
Total assets
$100,000,000
Total liabilities and equity
$100,000,000
The notes payable are to banks, and the interest rate on this
debt is 10%, the same as the rate on new bank loans. These bank
loans are not used for seasonal financing but instead are part of...
Dividends on Preferred and Common Stock Sunbird Theatre Inc.
owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Sunbird Theatre Inc.
owns and operates movie theaters throughout Florida and Georgia.
Sunbird Theatre Inc. has declared the following annual dividends
over a six-year period: 2011, $20,000; 2012, $36,000; 2013,
$70,000; 2014, $90,000; 2015, $102,000 and 2016, $150,000. During
the entire period ended December 31 of each year, the outstanding
stock of the company was composed of 100,000 shares of cumulative
preferred 1% stock, $30 par, and 400,000 shares of common stock,
$20 par....
Dividends on Preferred and Common Stock
Pecan Theatre Inc. owns and operates movie theaters throughout
Florida...
Dividends on Preferred and Common Stock
Pecan Theatre Inc. owns and operates movie theaters throughout
Florida and Georgia. Pecan Theatre has declared the following
annual dividends over a six-year period: 20Y1, $20,000; 20Y2,
$40,000; 20Y3, $90,000; 20Y4, $115,000; 20Y5, $145,000; and 20Y6,
$180,000. During the entire period ended December 31 of each year,
the outstanding stock of the company was composed of 25,000 shares
of cumulative, preferred 2% stock, $100 par, and 100,000 shares of
common stock, $5 par.
Required:...
Income
Statement
Balance Sheet
Sales
$20,000,000
Assets:
Cost of Goods Sold
8,000,000
Cash
$5,000,000
12,000,000
Marketable...
Income
Statement
Balance Sheet
Sales
$20,000,000
Assets:
Cost of Goods Sold
8,000,000
Cash
$5,000,000
12,000,000
Marketable Securities
12,500,000
Selling and Administrative
1,600,000
Accounts Receivable, net
2,500,000
Depreciation
3,000,000
Inventory
30,000,000
EBIT
7,400,000
Prepaid Expenses
5,000,000
Interest
2,000,000
Plant & Equipment
30,000,000
5,400,000
Taxes (40%)
2,160,000
Total Assets
85,000,000
3,240,000
Common Stock Div.
600,000
Liabilities and Equity:
$2,640,000
Accounts Payable
$20,000,000
Notes Payable
5,000,000
Shares outstanding of common
stock = 1,000,000
Accrued Expenses
5,000,000
Market price of common stock =
$18...