The Following Information Is Available for the Grant Company for 2010

question 127

Essay

The following information is available for the Grant Company for 2010:
Required:
What are earnings per share for the current year?
What is the P/E ratio?
What is the book value per share of common stock?
What is the dividend yield on common stock?
What is the net profit ratio?
What is the return on equity?
$\begin{array}{|l|r|}\hline \text { Net sales } & \$ 1,200,000 \\\hline \text { Net income } & \$ 600,000 \\\hline \text { Market price per share of } & \\\hline \text { common stock } & \$ 32 \\\hline \text { Dividend per share of } \\\hline \text { common stock }& \$ 1.80 \\\hline \text { Common shares authorized } & \\\hline \text { par value } \$ 10 & \$ 100,000 \\\hline \text { Average common shares } \\\hline\text { Outstanding }& 50,000 \\\hline 7 \% \$ 100 \text { par preferred } & \\\hline \text { stock authorized } & \$ 70,000 \\\hline \text { Preferred stock outstanding } & \$ 30,000 \\\hline \text { Average total stockholders' } & \\\hline \text { Equity }& \$ 160,000 \\ \hline \text { Market price per share of } \\\hline \begin{array}{c}\text { Preferred } \\\hline\end{array} & \$ 118 \\\hline\end{array}$

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Definitions:

Pleasing Behavior

Actions aimed at making others happy or satisfied, often by adapting one's behavior to meet their expectations or desires.

Recall

The process of retrieving information from memory.

Recognition

The action or process of recognizing or being recognized, such as identifying something as familiar or acknowledging the importance or quality of something.

Consumer Memory

Refers to the way individuals store, retain, and recall information related to past purchases, brand experiences, or advertising content.