SB Hartzog Corporation s most recent balance sheet and income statement appear b
ID: 2381869 • Letter: S
Question
SB Hartzog Corporation s most recent balance sheet and income statement appear below:
Hartzog Corporation's most recent balance sheet and income statement appear below:
MC Qu. 73 The gross margin percentage for Year 2 is...
MC Qu. 74 The earnings per share of common stock for...
MC Qu. 75 The price-earnings ratio for Year 2 is...
MC Qu. 76 The dividend payout ratio for Year 2 is...
MC Qu. 77 The dividend yield ratio for Year 2 is...
[The following information applies to the questions displayed below.] Hartzog Corporation's most recent balance sheet and income statement appear below:
Explanation / Answer
The gross margin percentage for Year 2 is closest to: = GROSS MARGIN/SALES * 100
= 560/1350 * 100
=41.48%
=41.5%
The earnings per share of common stock for Year 2 is closest to: NET INCOME/NO OF SHARES
=85/(400/2)
=0.425
=0.43
The price-earnings ratio for Year 2 is closest to: PRICE/EPS
=7.04/0.43
=16.37
The dividend payout ratio for Year 2 is closest to: DIVIDEND PAID ON COMMON STOCK/(NET INCOME-DIVIDEND PAID ON PREFERED STOCK)
=60/(85-5)
=0.75
= 75%
The dividend yield ratio for Year 2 is closest to: = annual dividend per share/price per share * 100
= (60/200)/7.04 * 100
=4.26%
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