As a stockholder of Kentucky Gas and Oil, you receive its annual report. In the financial statements,

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As a stockholder of Kentucky Gas and Oil, you receive its annual report. In the financial statements, the firm reported after-tax earnings of $1,200,000 and has issued 1,500,000 shares of common stock. The stock is currently selling for $24 a share. (Obj. 3)

a. Calculate the earnings per share for Kentucky Gas and Oil.

b. Calculate the price-earnings (PE) ratio for Kentucky Gas and Oil.

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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