As a stockholder of Kentucky Gas and Oil, you receive its annual report. In the financial statements,
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Focus On Personal Finance
ISBN: 9780073382425
3rd Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
Question Posted: