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 56 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
Wow, this really help

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Comparative sizes of the Earth and the Moon Comparative sizes of the Earth and the Moon
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
Comparative Morphology Comparative Morphology
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library