Business, 28.03.2020 00:58 bombo99

.The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.

Assets

Cash and short-term investments

$ 30,000

Accounts receivable (net)

20,000

Inventory

15,000

Property, plant, and equipment

185,000

Total assets

$250,000

Liabilities and Stockholders’ Equity

Current liabilities

$ 45,000

Long-term liabilities

70,000

Stockholders’ equity—Common

135,000

Total liabilities and stockholders’ equity

$250,000

Income Statement

Sales

$85,000

Cost of goods sold

45,000

Gross margin

$40,000

Operating expenses

(15,000)

Interest expense

(5,000)

Net income

$20,000

Number of shares of common stock outstanding

6,000

Market price of common stock

$20

Total dividends paid

$9,000

Cash provided by operations

$30,000

What is the dividend yield for Diane Company?

a.

13.3%

b.

1.3%

c.

7.5%

d.

0.75%

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:00

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

Answers: 3

Answer

Business, 22.06.2019 12:30

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Answers: 1

Answer

Business, 22.06.2019 22:10

Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.

Answers: 3

Answer

Business, 23.06.2019 01:10

Mountain mouse makes freeze-dried meals for hikers. one of mountain mouse's biggest customers is a sporting goods superstore. every 66 days, mountain mouse checks the inventory level at the superstore and places an order to restock the meals. these meals are delivered by ups in 55 days. average demand during the reorder period and order lead time is 8585 meals, and the standard deviation of demand during this same time period is about 1919 meals.calculate the restocking level for mountain mouse. assume that the superstore wants a 95\% service level. what happens to the restocking level if the superstore wants a higher level of service-say, 99]%? the restocking level for the 95% service level is 117 mealssuppose there are 25 meals in the superstore when mountain mouse checks inventory levels. how many meals should be ordered, assuming a 95% service level?

Answers: 3

Answer

You know the right answer?

.The following information pertains to Diane Company. Assume that all balance sheet amounts represen...

Questions