Refer to Matthias Medical’s financial statements, presented in Exercise 12.8.Data From Exercise

Refer to Matthias Medical’s financial statements, presented in Exercise 12.8.

Data From Exercise 12.8:

Matthias Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow.

Matthias Medical

Comparative Balance Sheet

As of December 31

Matthias Medical

Comparative Income Statement and Statement of Retained Earning For the Year

Required

Calculate the following market measure ratios for 2020.

a. Earnings per share (average of 420,000 shares outstanding for the year) (Round to 2 decimal places)

b. Price/earnings ratio (market price of $48 at year-end)

c. Dividend payout ratio (dividends of $1.25 per common share for the year)

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Refer to Matthias Medical’s financial statements, presented in Exercise 12.8.Data From Exercise

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