Tronnes Corporation's net income last year was $1,750,000. The dividend on common stock was $2.60 per share and the dividend on preferred stock was $2.50 per share. The market price of common stock at the end of the year was $57.70 per share. Throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. The price-earnings ratio is closest to
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tronnes Corporation's net income last year was $1,750,000. The dividend on common stock was $2.60 per share and the dividend on preferred ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Jack has allocated $30 toward coffee and tea and feels that coffee and tea are perfect substitutes. Due to differences in caffeine levels, his MRS of tea for coffee equals two.
Answers (2)
A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing which of the following? OA. channel assembly OB. drop shipping O C. float reduction O D. cross-docking OE.
Answers (1)
The closing entry process consists of closing? all permanent accounts. only the Retained Earnings account. only the dividends account. all temporary accounts. all asset and liability accounts.
Answers (1)
A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, the company should
Answers (1)
According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?
Answers (1)
New Questions in Business
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $57000. If the balance of the Allowance for Doubtful Accounts is an $11400 debit before adjustment, what is the balance after adjustment?
Answers (1)
Your organization is launching a project which will include an investment of $2,000,000. The product from the project is forecasted to create revenues of $500,000 in the first year after the end of the project and of $840,000 in each of the two
Answers (1)
ts sold ... 10,000 9,000 Sales revenue ... $120,000 $103,500 Variable manufacturing cost ... 40,000 36,000 Fixed manufacturing cost ... 20,000 20,000 Variable selling and administrative cost ... 10,000 9,000 Fixed selling and administrative cost ...
Answers (1)
Credit cards should be used for A. anything you want. B. things you can't afford. C. budgeted expenses you need to pay over time. D. wants rather than needs
Answers (1)
Ajith running an internet cafe. Identify the economic activity mentioned here
Answers (1)