Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Textbook Question
Chapter 15, Problem 55E
Rebert Inc. showed the following balances for last year:
Rebert’s net income for last year was $3,182,000.
Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.
Required:
- 1. Compute the dividends per share.
- 2. Compute the dividend yield. (Note: Round to two decimal places.)
- 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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A company reports the following year-end data: Sales of $100,000; Earnings per share of $5; Market price per (common) share of $50;
and Annual cash dividends per share of $2. Compute the (a) dividend yield and (b) price-earnings ratio.
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Price Earnings
Ratio
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Dividend Yield
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Dividend Yield Price Earnings
Ratio
Dividend Yield
Choose Denominator:
A company reports the following year-end data: Sales of $100,000; Earnings per share of $5; Market price per (common) share of $50;
and Annual cash dividends per share of $2. Compute the (a) dividend yield and (b) price-earnings ratio.
Complete this question by entering your answers in the tabs below.
Compute the price-earnings ratio.
Choose Numerator:
Price-Earnings Ratio
/ Choose Denominator:
Dividend yield
Price Earnings Ratio >
The Gizmo, Inc. has just announced year-end results as follows:
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c. Calculate Gizmo, Inc.'s dividend yield.
d. Calculate the market-to-book ratio.
a. The book value per share is $
Value of company assets
Value of company liabilities
Net income
Common stock dividends
Preferred stock dividends
(Round to the nearest cent.)
Number of shares of common stock outstanding
Closing price of Gizmo, Inc.'s stock
$11,440,000
$5,597,242
$1,661,997
$180,572
$427,107
831,680
$43.77 per share
Chapter 15 Solutions
Managerial Accounting: The Cornerstone of Business Decision-Making
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