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Share valuation calculation

Sep 3, 2021 | Business Finance - Accounting | 0 comments

Sep 3, 2021 | Business Finance - Accounting | 0 comments

Share valuation calculation

Financial information for Forever 18 includes the following selected data (in millions)
  
($ In millions)

2015

2014
 
Net Income

171

201
 
Dividends on preferred stock

21

16
 
Average shares outstanding (In millions)

228

300
 
Stock price 

11.97

10.92
Required:
1-a. Calculate earnings per share in 2014 and 2015. (Enter you answers in millions.)
1-b. Did earnings per share increase in 2015?
· No
· Yes
2-a. Calculate the price-earnings ratio in 2015 and 2015. (Enter your answer in millions. Round your answers to 2 decimal places.)
2-b. In which year is the stock period lower in relations to reported earnings?
· 2014
· 2015

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