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Posted: June 3rd, 2020
The following table shows selected items from the balance sheet and income statements for JG Corporation for financial years 2016 and 2017 (ended 31st December).
2016 2017 Number of shares of common stock 100,000 110,000 Common stock equity $2,000,000 $2,300,000
Earnings available to common stockholders
$150,000 $180,000
Market price per share of common stock
$25 $28
(a) Copy the table below to your answer script and calculate the following ratios (to 2 decimal places).
2016 2017 Earnings per share (EPS)
Price / Earnings (P/E) ratio
Book value per share (BV)
Market / Book (M/B) ratio
(8 marks)
(b) Based on your answers in part (i), comment on the firm’s performance over the two years. (8 marks)
(c) Discuss how a firm can use “total asset turnover” ratio to help better manage the firm?
(4 marks) Finance homework help
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