This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: M & M has provided the following comparative income statements and supplemental ... (Read 43 times)

Labomba

  • Full Member
  • ***
  • Posts: 161
on: Feb 5, 2023
M & M has provided the following comparative income statements and supplemental information:

​​202020212022
Net sales$120,000$132,000$136,000
Cost of goods sold   62,000   68,000   72,000
Gross margin58,00064,00064,000
Selling and administrative expenses24,00026,00036,000
Depreciation     4,000     6,000     8,000
Operating profit30,00032,00020,000
Income taxes   10,000     8,000     5,000
Net income$  20,000$  24,000$  15,000
​​​​
Earnings per share$  2.00$  2.70$  1.80
Dividends paid per share1.401.401.40
Market price per share12.0016.0010.00

Required:

a.Calculate M & M's gross margin percentage for 2021.
b.Calculate M & M's price/earnings ratio for 2021.
c.Calculate M & M's dividend payout ratio for 2021.
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Labomba on Feb 5, 2023

kuttz

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


Labomba

  • Member
  • Posts: 161
Reply 2 on: Feb 5, 2023
Excellent

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
The Parade of World Income The Parade of World Income
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library