Flex Co. just paid total dividends of $1,075,000 and reported additions to retained earnings of $3,225,000. The company has 715,000 shares of stock outstanding and a benchmark PE of 17.3 times. What stock price would you consider appropriate?

The appropriate stock price is $103.97

Explanation:

Given Dividends $1 075 000 Retained Earnings $3 225 000, Shares 715 000

PE ratio 17.3,   SP ?

The PE ratio is a measure of stock price relative to earnings

PE = SP/EPS

So we need to calculate earnings per share in order to get stock price

EPS = Earnings /number of shares

Retained earnings = Net Income - dividends so to get net income we add dividends to retained earnings (Earnings and net income are the same thing)

=$4 300 000

EPS = 4300000/715000

        =$6.01

plug in the values in PE ratio formula

17.3 = SP/ 6.01

SP = 17.3*6.01

SP = $103.97

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.