The following information was available for the Austin Corporation on October 31
ID: 2525398 • Letter: T
Question
The following information was available for the Austin Corporation on October 31, 2018 Net Income Dividends Declared and Paid 6000 Common Shares outstanding 750 Market Value of Common Equity 162000 54000 Required 1. Compute Earnings per Share. 2. Compute Dividends per Share. . Compute the Market Price per Share. 4. Compute the Price Earnings Ratio. 5. Compute the Dividend Yield (rounded to 2 decimal places). 6. Compute the Dividend Payout Ratio (rounded to 2 decimal places). Upon completion, enter your answers below Earnings per Share: Dividends per Share: Market Price per Share: Price Earnings Ratio: Dividend Yield (% to 2 decimal places): Dividend Payout Ratio % (2 decimal places):Explanation / Answer
Answers
A
Net Income
$ 54,000.00
B
Common shares outstanding
750
C=A/B
Earning per share
$ 72.00
A
Dividends declared and paid
$ 6,000.00
B
Common shares outstanding
750
C=A/B
Dividends per share
$ 8.00
A
Market value of Common Equity
$ 1,62,000.00
B
Common shares outstanding
750
C=A/B
Market Price per share
$ 216.00
A
Market Price per share
$ 216.00
B
Earning per share
$ 72.00
C=A/B
Price earning ratio
3
A
Dividends per share
$ 8.00
B
Market Price per share
$ 216.00
C=A/B
Dividend yield
3.70%
A
Dividends declared and paid
$ 6,000.00
B
Net Income
$ 54,000.00
C=A/B
Dividend Payout ratio
11.11%
A
Net Income
$ 54,000.00
B
Common shares outstanding
750
C=A/B
Earning per share
$ 72.00
A
Dividends declared and paid
$ 6,000.00
B
Common shares outstanding
750
C=A/B
Dividends per share
$ 8.00
A
Market value of Common Equity
$ 1,62,000.00
B
Common shares outstanding
750
C=A/B
Market Price per share
$ 216.00
A
Market Price per share
$ 216.00
B
Earning per share
$ 72.00
C=A/B
Price earning ratio
3
A
Dividends per share
$ 8.00
B
Market Price per share
$ 216.00
C=A/B
Dividend yield
3.70%
A
Dividends declared and paid
$ 6,000.00
B
Net Income
$ 54,000.00
C=A/B
Dividend Payout ratio
11.11%
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