Calculate the price-earnings ratio

Assignment Help Accounting Basics

Reference no: EM132589091

Financial information for Forever 18 includes the following selected data (in millions)

($ In millions) 2015 2014

Net Income 171 201

Dividends on preferred stock 21 16

Average shares outstanding (In millions) 228 300

Stock price 11.97 10.92

Required:

Question 1: Calculate earnings per share in 2014 and 2015. (Enter you answers in millions.)

Question 2: Did earnings per share increase in 2015?

Question 3: Calculate the price-earnings ratio in 2014 and 2015. (Enter your answer in millions. Round your answers to 2 decimal places.)

Question 4: In which year is the stock period lower in relations to reported earnings?

2014
2015

Reference no: EM132589091

Questions Cloud

Development in early adolescence and adolescence : The purpose of this assignment is to help teachers to better understand development in early adolescence and adolescence,

Describe educational reforms designed : Describe educational reforms designed to help protect special populations, including students with disabilities such as IDEA, ADA, FERPA, and ESSA.

Record the stock dividend for sandals inc : Record the stock dividend. (If entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the transactions assuming clothing frontiers : Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock. (If no entry required for a transaction)

Calculate the price-earnings ratio : Financial information,Calculate the price-earnings ratio in 2014 and 2015. (Enter your answer in millions. Round your answers to 2 decimal places.)

Process of finding your purpose : "Finding Your Purpose" section, discuss some of the ways that people might discover their purpose. Where are you in the process of finding your purpose?

Record each of the transactions for ltalian stallion : Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.)

Assessment data drive instruction and literacy framework : How does assessment data drive instruction and the literacy framework? What does a typical literacy block of instruction include?

Describe payments of special orders by diamond manufacturing : Describe the weaknesses relating to purchases and payments of "special orders" by the Diamond Manufacturing Company.Recommend control procedures

User Account

All Pages