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sweetapple718 sweetapple718
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A year ago
The balance sheet for Blan Corporation at the end of the current year indicates the following:

Bonds payable, 8%......................................$4,000,000
6% Preferred stock, $100 par .....................1,000,000
Common stock, $10 par ..............................2,000,000
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.

Required:

Calculate each of the following:
a.Earnings per share
b.Price/earnings ratio
c.Dividend payout ratio
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Managerial Accounting

Managerial Accounting


Edition: 4th
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andre9119andre9119
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A year ago
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sweetapple718 Author
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Helped a lot
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