Peter Petroleum reported net income totaling $2.1 million for the year. The average number of shares of common stock outstanding during the year totaled 1.05 million.  The company’s average P/E multiple is 13.8 based on identified comparable firms.   What is Peter’s share price? Group of answer choices $32.23 $27.60 $21.40 $16.16

Q: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Formula: EPS = ( Net income - Preferred dividends ) / Total weighted average outstanding shares

Q: Theodore Company has 100,000 shares of P10 par value common stock issued and outstanding. Total…

A: Price-earnings ratio = Market value per share / Earnings per share where, Earnings per share = (Net…

Q: Richards Corporation had net income of $196,700 and paid dividends to common stockholders of…

A: Earning per Share= Net income-(preferred stock dividend)/No. of shares outstanding Price earning…

Q: Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its…

A: In order to determine the Earning per share, the Earnings available to common shareholders are…

Q: Longmont Corporation earned net income of $86,000 this year. The company began the year with 600…

A: Formula: Earnings per share = Earnings available for Common Stockholders’/ Weighted Average number…

Q: The balance sheet for Larry underwood motors shows a book value of stockholder’s equity ( book value…

A: Outstanding stock refers to a corporation's shares that are currently owned by investors and…

Q: Financial statement data for this year and last year for Hanscombe Corp. are as follows: Current…

A: Earnings per share =(Net Income-Preferred Dividend)/Number of shares outstanding…

Q: Calculate basic EPS Net income was $659,250 for the year. Throughout the year the company had…

A: Earnings per share (EPS):Earnings per share is the monetary earnings available to shareholder per…

Q: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with…

A: Formula: Weighted average number of shares = Number of shares issued x Time period

Q: For the year that just ended, Leaf Manufacturing had net income of $786,400 and preferred dividends…

A: Earning Per Share Earnings per share (EPS) is calculated as a company's profit divided by the…

Q: A recent annual report for Wilmington, Inc. contained the following information: Retained earnings…

A: Number of shares issued at the end of the current year = Common Stock account totaled at the end of…

Q: Ecker Company reports $1,800,000 of net income and declares $252,000 of cash dividends on its…

A: Basic earnings per share = Net income available to common stockholders / Weighted average shares of…

Q: Longmont Corporation earned net income of $85,000 this year. The company began the year with 700…

A: Formula: EPS = ( Net income - Preferred dividend)  / ( Outstanding common shares )

Q: Net income for the period totaled OMR75,000, preferred dividends paid totaled OMR10,000, and common…

A: It is pertinent to note that preferred dividends are paid in prior to dividends to be paid to common…

Q: On June 30, Setzer Corporation had a market price of $46 per share of common stock. For the previous…

A: Dividend yield = Annual dividend/Market price

Q: On June 30, setzer corporation had a market price of $100 per share of common stock. For the…

A: The dividend yield is used to compare the dividend-paying stocks. It can be calculated by dividing…

Q: Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2…

A: Year 1 Year 2 Net Income $35000 $55000 Less: Preferred stock dividends 3000 3000 Earnings…

Q: Richards Corporation had net income of $241,562 and paid dividends to common stockholders of…

A: Price earning ratio is calculated as market value of share divided by earning per share. Earning per…

Q: Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net…

A: Formula; Dividend payout)=Dividend per common shareEarnings per share

Q: Murray Company reports net income of $770,000 for the year. It has no preferred stock, and its…

A: Basic Earnings per share: It is a financial ratio. It is calculating by divides net earnings…

Q: Clair, Inc reports net income of $700,000. It declares and pays dividends of $100,000 for the year,…

A: Given that, Net income = $700000 Preference dividend = $50000 Common stock dividend = $50000 The…

Q: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600…

A: EPS = (Net income - Preferred dividend)/Weighted average number of shares Numerator = Net income -…

Q: Trenton Company has provided the following Information: • Net Income, $320,000; • Preferred shares…

A: A ratio that provides information regarding the share price of a company by relating it to the…

Q: XYZ inc reported net income of $283,880 for the year and had 173,230 common shares outstanding…

A: Let's understand the basic  EPS is the earning per share from company's net income here, Net income…

Q: Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common…

A: Basic earnings per share = Net income available to common stockholders/Number of common stock…

Q: The PowerPoint Corporation has two classes of share capital outstanding: 9% (dividend rate), P20…

A: Ordinary shares- Ordinary shares, also known as common shares, are stocks sold on community barter.…

Q: A company reports the following:   Net income $911,700   Preferred dividends $67,530   Shares of…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: On June 30th, Ray Corporation had a market price of $100 per share of common stock. For the previous…

A: Market price = 100 per share Previous year annual dividend = $8.00 per share   Calculation of…

Q: Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714…

A: Weighted average no of share calculation To calculate weight shares  we have to consider shares at…

Q: A company reports the following: Net income $171,720 Preferred dividends $12,720 Shares of common…

A: The ratio analysis helps to analyse the financial statements of the business.

Q: Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net…

A: Dividend payout ratio is calculated as Dividend per share Divided by earning per share.

Q: St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000…

A: When Preferred shares are cumulative , then dividend in arrears are to be paid to the preferred…

Q: National Company has 100,000 shares of P10 par value common stock issued and outstanding. Total…

A: Earning Per Share = Net incomeNumber of shares outstanding                                      =…

Q: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares…

A: First, compute the weighted average common stock outstanding Weighted average common stock…

Q: Junkyard Arts, Inc., had earnings of $174,300 for the year. The company had 24,000 shares of common…

A: Earnings per share refers to the amount earned by each stockholder. This can be identified by…

Q: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: Thelma and Louie, Inc. started the year with a balance of retained earnings of $545 million and…

A: O = Opening balance = $ 545 mnC = Closing balance = $ 590 mnTotal dividends paid = $35 million to…

Q: Kliza Company's net income last year was P130,000. The company paid preferred dividends of P42,000…

A: Return on equity (ROE) refers to the evaluation of the profitability of a company through the…

Q: Richards Corporation had net income of $231,470 and paid dividends to common stockholders of…

A: Price-earning ratio refers to the ratio which conveys the worth of the company. In other words,…

Q: Given the following year-end information, compute Greenwood Corporation’s basic and diluted earnings…

A: A share represents in a firm is a unit of stock ownership. Dividends are distributed to shareholders…

Q: nc. reports net income of $350,000. It declares and pays preferred dividends of $50,000 for the…

A: Earnings per share  = (Net income - preferred dividend) / Weighted-average number of common shares…

Q: Financial statement data for the year ending December 31 for Langford Company are as follows: Net…

A: As per IAS 33 Earnings per share Earnings per share = (Net income - preferred Dividend)/weighted…

Q: For the year, Peter Petroleum earned $2.1 million in net income. During the year, there were 1.05…

A: A stock is a type of instrument that denotes the holder's ownership stake in the listed firm and is…

Q: PickApart Arts, Inc., had earnings of $398,000 for the year. The company had 44,000 shares of common…

A: It is the income which is available to the common shareholders per share after giving preferred…

Q: Bonita Corporation reports net income of $306,250 and a weighted-average of 175,000 shares of common…

A: EPS (Earning Per Share) for common stock is computed by the formula: Net Income / Weighted Average…