Reference no: EM133155847
Far East Fast Foods had earnings after taxes of $230,000 in the year 20XX with 200,000 shares outstanding. On January 1, 20XY, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent.
a. Compute EPS of the year 20XX. (Round the final answer to 2 decimal places.)
EPS $
b. Compute EPS of the year 20XY. (Round the final answer to 2 decimal places.)
EPS $
Sheridan Travel had earnings after taxes of $700,000 in 20XX with 400,000 common shares outstanding. On January 1, 20XY, the firm issued 50,000 new common shares. There is a 35 percent increase in aftertax earnings resulting from the issue of the new shares.
a. Compute EPS for the year 20XX. (Round the final answer to 2 decimal places.)
EPS $
b. Compute EPS for the year 20XY. (Round the final answer to 2 decimal places.)
EPS $
Thermo Dynamics had $450,000 of retained earnings on December 31, 20XX. The company paid dividends of $25,000 in 20XX and had retained earnings of $400,000 on December 31, 20XW.
a. How much did Thermo earn during 20XX?
Earnings during 20XX $
b. What would EPS be if 20,000 shares of common stock are outstanding? (Round the final answer to 2 decimal places.)
Earning per share $
c. What is the payout ratio? (Do not round intermediate calculations. Round the percentage answer to the nearest whole number.)
Payout ratio %
d. If Thermo's share price is $30.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations.)
Price/earning ratio times
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