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Mihok Corporation has provided the following financial data: Year 2 Year 1 Stockholders’ equity: Common stock, $3 par value $300,000 $300,000 Additional paid-in capital—common stock 100,000 100,000 Retained earnings 375,000 370,000 Total stockholders’ equity $775,000 $770,000 Income Statement For the Year Ended December 31, Year 2 Sales $1,380,000 Cost of goods sold 780,000 Gross margin 600,000 Operating expenses 567,714 Net operating income 32,286 Interest expense 18,000 Net income before taxes 14,286 Income taxes (30%) 4,286 Net income $10,000 Dividends on common stock during Year 2 totaled $5,000. The market price of common stock at the end of Year 2 was $0.97 per share. Required: A. What is the company’s earnings per share for Year 2? B. What is the company’s price-earnings ratio for Year 2? C. What is the company’s dividend payout ratio for Year 2? D. What is the company’s dividend yield ratio for Year 2? E. What is the company’s book value per share at the end of Year 2?
James Company has a margin of safety percentage of 20%. The break-even point is $220,000 and the variable costs are 40% of sales. Given this information, the operating profit is:
Evaluate Andy's direct material variances. Determine Andy's direct labor variances.
Compute the following amounts Autovalet reports in its annual accounts for x5: interest income, unearned franchise fee revenue at 31 December and supplies expense.
Young Corporation incurred research and development costs of $500,000 in 2014 in developing a new product. Record the necessary journal entries during 2014 to record these events and any adjustments at year end on December 31, 2014.
Analyse and evaluate the arguments for, and against, for each of the case studies.Which arguments do you consider to be more compelling?
Evaluate the Pete's gross income for calendar year 2013?
Betty's Bakery is a start-up bakery that employs Betty, the owner, as well as one sales clerk, and one baker. Which cash receipt controls may be hardest to enforce in this environment
Prepare any adjustment needed to the investment account as a result of the July, 1, 20X8, acquisition. Prepare the worksheet necessary to produce the consolidated ?nancial statements of Titan Corporation.
Kelly Reading invests $6,815.79 now for a series of $1,400 annual returns beginning one year from now. Kelly will earn a return of 10% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as ..
activity based cost analysis.carroll company manufactures two products product drt and product crt.the company
How can you explain the concept of cost of capital? Do you believe that a firm should use the same cost of capital for all of its projects? Why or why not?
The Wiscow Manufacturing Company recorded overhead costs of $18,122 at an activity level of 5,200 machine hours and $10,038 at 2,800 machine hours. The records also indicated that overhead of $10,095 was incurred at 3,100 machine hours. What is the t..
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