UBownloadable eTextbook Open Assignment RESOURCES Exercise 12-11 CALCULATOR PRIN

Question

UBownloadable eTextbook Open Assignment RESOURCES Exercise 12-11 CALCULATOR PRINTER VERSTON 4BACK er 12: NEX Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Crane Medical Comparative Balance Sheet As of December 31 10 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets 373,000 $417,400 1,065,900776,500 748,000 681,000 396,000 247,100 2,582,900 2,122,000 8,977,605 8,484,895 $11,560,505 10,606,895 Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,198,000 $2,846,100 3,702,600 3,892,650 6,900,6006,738,750 57,100 103.900 Total liabilities Preferred stock, $5 par value Common stock. $0.25 nar valiie 57,100 l Privacy Policy2000-2018 J0hn ley & Sons. Inc. All Rights Reserved. A Division of 10hn Wiley & Sons Inc

Explanation / Answer

1) Earning per share = (net income-Preferred dividend)/Share outstanding

                                  = (1238160-29500)/417000

Earning per share = 2.90 per share

2) Price earning ratio = MPS/EPS

                                  = 45/2.9

Price earning ratio = 15.52

3) Dividend payout ratio = DPS*100/EPS

                                        = (413000/417000)*100/2.90

Dividend payout ratio = 34.15%

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