Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

A company has $5,800 in sales. The profit margin is 4%. There are 5,000 shares of stock outstanding. The market price per share is $1.70.

A company has $5,800 in sales. The profit margin is 4%. There are 5,000 shares of stock outstanding. The market price per share is $1.70. What is the price-earnings ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Overcoming Debt Achieving Financial Freedom

Authors: Cindy Zuniga-Sanchez

1st Edition

1119902320, 978-1119902324

More Books

Students also viewed these Finance questions

Question

★★★★★

The empirical evidence reveals that very few firms change their standard prices and standard quantities during the fiscal year. Most firms have the following policy, We set our standards before the...

Answered: 1 week ago

Question

★★★★★

Mahan purchases 1,000 shares of Bluebird Corporation stock on October 3, 2021, for $490,000. On December 12, 2021, Mahan purchases an additional 750 shares of Bluebird stock for $343,000. According...

Answered: 1 week ago

Question

★★★★★

As you choose a culture or cultures to learn about, which do you think would be most helpful for your career? Why?

Answered: 1 week ago

Question

★★★★★

In performing an audit in accordance with Generally Accepted Government Auditing Standards, the auditors are required to issue an additional combined report on compliance with laws and regulations...

Answered: 1 week ago

Question

★★★★★

A company has $5,800 in sales. The profit margin is 4%. There are 5,000 shares of stock outstanding. The market price per share is $1.70. What is the price-earnings ratio?

Answered: 1 week ago

Question

★★★★★

Determine the values of k such that thesystem of linear equations does not have aunique solution. (Enter your answers as acomma-separated list.)x + y + kz = 6x + ky + z = 4kx + y + z = 3

Answered: 1 week ago

Question

★★★★★

Josey's tax liability is zero. She is getting a refund of $225, without any credits being applied, all from her federal income tax withheld. Assuming she otherwise qualifies, which of the following...

Answered: 1 week ago

Question

★★★★★

||| = Instructions: Drag the social psychology concept and drop it next to the sample conspiracy-based statement that the concept explains. "The government wants to keep the people down. We have to...

Answered: 1 week ago

Question

★★★★★

1] Franco, a twenty-ve year old, has just started a job as an officer in the Swiss Navy. He plans that he will earn [in real, net terms] $25,000 per annum for ten years, $45,000 for the ten years...

Answered: 1 week ago

Question

★★★★★

1, What is the net (total) electrochemical force (size and direction) acting on Na+ at the resting potential (-70mV)? 2. What is the net (total) electrochemical force (size and direction) acting on...

Answered: 1 week ago

Question

★★★★★

Question 2 Foresight Computer Services is showing a large amount in the Undeposited Funds account. Their income seems very high compared to previous periods. After investigating, you can see that...

Answered: 1 week ago

Question

★★★★★

9. Are you able to integrate your presentation aids into your presentation effectively?

Answered: 1 week ago

Question

★★★★★

4. Are you articulating well? Are you mumbling? Can other people understand your words?

Answered: 1 week ago

Question

★★★★★

6. Are you effectively scanning as you rehearse? (If you have others present, are you making eye contact? If not, are you looking at different quadrants of the room you are rehearsing in?)

Answered: 1 week ago

Previous Question Next Question