The balance sheet for Blan Corporation at the end of the current year indicates the following:

Income before income taxes was $480,000 and income taxes expense for the current year amounted to $144,000.Cash dividends paid on common stock were $300,000,and the common stock was selling for $22 per share at the end of the year.There were no ownership changes during the year.
a.Earnings per share
b.Price/earnings ratio
c.Dividend payout ratio

Question

The balance sheet for Blan Corporation at the end of the current year indicates the following:

Income before income taxes was $480,000 and income taxes expense for the current year amounted to $144,000.Cash dividends paid on common stock were $300,000,and the common stock was selling for $22 per share at the end of the year.There were no ownership changes during the year.
a.Earnings per share
b.Price/earnings ratio
c.Dividend payout ratio

Quizplus · Accepted Answer

The Answer of The balance sheet for Blan Corporation at the end of the current year indicates the following:

Income before income taxes was $480,000 and income taxes expense for the current year amounted to $144,000.Cash dividends paid on common stock were $300,000,and the common stock was selling for $22 per share at the end of the year.There were no ownership changes during the year.
a.Earnings per share
b.Price/earnings ratio
c.Dividend payout ratio

The Balance Sheet for Blan Corporation at the End of the Current