General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a

Question:

General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a net profit margin on its sales of 9.5 percent. What was its P/E ratio?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial statements

ISBN: 978-007802531

5th Edition

Authors: Stephen Barrad

See More Books

Question Posted: Mar 17, 2012 06:12 AM

See More Questions

Standard Company has a relatively high profit margin on its sales, and Jewel Company has a substantially lower profit margin. Standard holds 55 percent of Jewels common stock and includes Jewel in...
Consider a retail firm with a net profit margin of 3.5%, a total asset turnover of 1.8, total assets of $44 million, and a book value of equity of $18 million. a. What is the firms current ROE? b. If...
Rowan Company has a net profit margin of 8.3 percent, debt ratio of 45 percent, total assets of $4,157,550, and sales of $6,852,654. If the company has a dividend payout ratio of 67 percent, what is...
Problem 4: The two compensator circuits (Fig. P4a) are used to improve the closed-loop system performance: 1) Derive the transfer functions to characterize the two circuits, and show that they can be...
Pam's 2012 income tax liability was $23,000. Her 2013 AGI did not exceed $150,000. On April 2, 2014, Pam, a calendar year taxpayer, files her 2013 individual return, which indicates a $30,000 income...
The spot rate of foreign exchange between the United States and the United Kingdom is $1.6117/. If the interest rate in the United States is 13 per cent and it is 8 per cent in the United Kingdom,...
Describe the source of the data for debiting Work in Process for (a) direct ma terials, (b) direct labor, and (c) factory overhead. AppendixLO1
Lexigraphic Printing Company is considering replacing a machine that has been used in its factory for four years. Relevant data associated with the operations of the old machine and the new machine,...
The time it takes to acquire and sell inventory is known as the: Select one: a. average inventory period b. average receivable period c. average payable period d. inventory period
On December 31, 2021, the end of its first year of operations, Botani Associates owned the following securities that are held as long-term investments. On this date, the total fair value of the...
The following table gives accounting data from the 1994 annual reports of six biotechnology firms. The market value of the equity of five of the firms is also given. All numbers are in millions of...
a. Buying a stock. A firm is expected to pay an annual dividend of $2 per share forever. Investors require a return of 12 percent per year to compensate for the risk of not receiving the expected...
(a) What is the approximate force of gravity on a 70-kg person due to the Andromeda galaxy, assuming its total mass is 10 13 that of our Sun and acts like a single mass 2 Mly away? (b) What is the...
What is the difference between corporate and clinical? How do they differ? Can they both have the same outcome? Include a reference list that supports your stance of no fewer than 3 scholarly...
How do we attain the desire for the freedom to purse one's passions, the desire for economic security and well-being, the desire for hope and progress in one's life utilizing higher-order thinking
Instructions FNCE 625 - Investment Analysis and Management Group Project - Case Study Guideline Introduction: In this group assignment, each team will collaboratively make a comprehensive report and...
21) The EOQ model is solved using calculus but the key intuition is that relevant total costs are minimized when relevant ordering costs equal relevant carrying costs. 22) Safety stock is used as a...
In the long-term, what do you recommend as overall policy in order to reduce or avoid the kinds of PPE shortages that occurred during the different waves of the COVID virus? In simple terms, how...
(Investments with significant influence, LO 2) On May 1, 2006 Owlseye Inc. (Owlseye) purchased 25% of the voting shares of Wyse Ltd. (Wyse) for $2,000,000 cash. As a result of the purchase, Owlseye...
Is times interest earned meaningful for utilities? Why or why not?
Nitrosyl chloride decomposes to nitrogen monoxide and chlorine at increased temperatures. Determine the rate constant and order from the concentration-time dependence. NOCI(g) NO(g) + Cl(g) Time (s)...
Q1. From 9/29/2007 to 9/25/2010 sales revenues (______________ / decreased), indicating the company is (_________________________/ successful at controlling costs / well managed). Q2. Cost of goods...
Q1. Use the information below for J.C. Penney and Intel to answer the following questions. a. Calculate the values for (A) and (X). Revenue for INTC is more than (__________ / 10 times) greater than...
Q1. For Apple Computer, use amounts listed below to complete the trend indexes for Income before income tax and the lines below. Divide each amount by the amount for the base year. Record the...
How do external factors such as changing consumer preferences affect the retail industry?"
Production costs that are not attached to units that are sold are reported as: Cost of goods sold Selling expenses Administrative costs Inventory
Please show workings :) Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Life of...

General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a

Question:

Step by Step Answer:

PS PE...View the full answer

Financial statements

Students also viewed these Accounting questions