FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. Currently, Major Industries of Ohio has sales of $3.4 million, net profit of $268 thousand, and 400 thousand shares of stock outstanding. The sales

image text in transcribed
6. Currently, Major Industries of Ohio has sales of $3.4 million, net profit of $268 thousand, and 400 thousand shares of stock outstanding. The sales and net profit are each expected to grow by 7.5 percent annually. The historical P/S ratio is 8.5. What is the expected price of this stock one year from now

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Emotions In Finance Booms Busts And Uncertainty

Emotions In Finance Booms Busts And Uncertainty

Authors: Jocelyn Pixley

2nd Edition

1107633370, 978-1107633377

More Books

Students also viewed these Finance questions

Question

★★★★★
The first audit of the books for Ringer Company was made for the year ended December 31, 2013. In reviewing the books, the auditor discovered that certain adjustments had been overlooked at the end...

Answered: 1 week ago

Question

★★★★★
8. An automatic stuffer would feed material under constant pressure into the opening of the machine.

Answered: 1 week ago

Question

★★★★★
Equation 15.25 states that 1/2kA 2 = 1/2 m(v max )). What does this mean? Write a couple of sentences explaining how to interpret this equation.

Answered: 1 week ago

Question

★★★★★
Optical Dispensary borrowed $330,000 on January 2, 2016, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of...

Answered: 1 week ago

Question

★★★★★
6. Currently, Major Industries of Ohio has sales of $3.4 million, net profit of $268 thousand, and 400 thousand shares of stock outstanding. The sales and net profit are each expected to grow by 7.5...

Answered: 1 week ago

Question

★★★★★
A production possibilities curve that is concave from the origin shows that Select one: A. supply increases when demand increases. B. demand for both goods changes as you increase demand for one...

Answered: 1 week ago

Question

★★★★★
Valuing diversity and equality as integral to organizational effectiveness Imagine you have been hired as an O/D consultant by a multinational company. The firm is looking to expand operations into...

Answered: 1 week ago

Question

★★★★★
In the context of demand and supply, EXPLAIN THE article ON OPEC Just Put A New Floor On Oil Prices. Politics Could Break It. Taking note of Content, Cohesiveness, proper Paraphrasing, and Grammar...

Answered: 1 week ago

Question

★★★★★
Consider a fiscal policy the U.S. government has recently used to support the economy such as Coronavirus Aid, Relief, and Economic Security Act (stimulus payments). Discuss some secondary effects...

Answered: 1 week ago

Question

★★★★★
plaease asap 2. (3 marks) A market has two risky assets, A and B, whose rates of return have mean PA= 8 and B = 2, respectively. The equation of the pop curve is 0 = 3 - 24p + k for some constant k....

Answered: 1 week ago

Question

★★★★★
An airplane used for any particular flight on Computing Airlines has a capacity of n passengers, where n is a discrete random variable with z-Transform: F n (z) = 2A [0.5z 6 + 0.3z 7 + 0.2z 8 ] 5...

Answered: 1 week ago

Question

★★★★★
3. Describe the three parts of an interview: opening, questions, and conclusion

Answered: 1 week ago

Question

★★★★★
1. Define the nature of interviews

Answered: 1 week ago

Question

★★★★★
2. Outline the different types of interviews

Answered: 1 week ago

Previous Question Next Question