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(Solution document) A firm had additions to retained earnings for the year just ended of $300,000. The firm paid out $100,000 in cash dividends, and it has ending total...


A firm had additions to retained earnings for the year just ended of $300,000.

The firm paid out $100,000 in cash dividends, and it has ending total equity of $5,000,000.

The company currently has 100,000 shares of common stock outstanding.

The current market price of the shares is $75.

 

Find net income. Round to the nearest dollar.

 

Find the earnings per share. Round to the nearest penny.

 

Find the dividends per share. Round to the nearest penny.

 

Find the book value per share. Round to the nearest penny.

 

Find the market to book ratio. Round to the nearest tenth.

 

Find the price-earnings ratio. Round to the nearest tenth.

 

Do not round intermediate calculations.

 

 







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