Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

A company has net income of $90,324, a price-earnings ratio of 13, and earnings per share of $0.31. How many shares of stock are outstanding?

A company has net income of $90,324, a price-earnings ratio of 13, and earnings per share of $0.31. How many shares of stock are outstanding? Instruction: Enter your response rounded to two decimal places.

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

The Complete Guide To Capital Markets For Quantitative Professionals

Authors: Alex Kuznetsov

1st Edition

0071468293, 978-0071468299

More Books

Students also viewed these Finance questions

Question

★★★★★

Is there a Doppler shift if the source and observer move in the same direction, with the same velocity? Explain.

Answered: 1 week ago

Question

★★★★★

The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data: 1. Supplies on hand totaled 1,500. 2. Depreciation...

Answered: 1 week ago

Question

★★★★★

6. Using the integrated theory of motivation as your knowledge base, describe the steps you would follow in making sure that your own child is motivated to succeed in some particular sport or...

Answered: 1 week ago

Question

★★★★★

Rhodes parked his car in the self-service park-and-lock lot of Pioneer Parking Lot, Inc. The ticket that he received fromthe ticketmeter stated the following: NOTICE. THIS CONTRACT LIMITS OUR...

Answered: 1 week ago

Question

★★★★★

Write a C program that accepts a phone number of the form +1(xxx)-xxx-xxxx where x is a digit, and displays the sum of all digits in the phone number.

Answered: 1 week ago

Question

★★★★★

You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first...

Answered: 1 week ago

Question

★★★★★

Inventory Microbucks Computer Company makes two computers, the Pomegranate II and the Pomegranate Classic, at two different factories. The Pom II requires 2 processor chips, 16 memory chips, and 20...

Answered: 1 week ago

Question

★★★★★

Calculate the Critical Ratios (CR): (Enter all responses rounded to two decimal places.) Job CR 1 The following jobs are waiting to be processed at Jeremy LaMontagne's machine center. Today is day...

Answered: 1 week ago

Question

★★★★★

Employees at a large manufacturer are surprised to find that cameras have been installed throughout the plant and all email communications are being monitored. Many are concerned about privacy and...

Answered: 1 week ago

Question

★★★★★

Compute Wynn Memorial Nursing Home's days in accounts receivable. Compute Wynn Memorial Nursing Home's average payment period. Balance Sheet for Wynn Memorial Nursing Home Wynn Memorial Nursing Home...

Answered: 1 week ago

Question

★★★★★

10. Three polarizing disks have planes that are parallel and centered on a common axis. The direction of the transmission axis (dashed line) in each case is shown relative to the common vertical...

Answered: 1 week ago

Question

★★★★★

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago

Question

★★★★★

10. Describe a dialectic perspective in negotiating personal histories.

Answered: 1 week ago

Question

★★★★★

5. Describe the relationship between history and identity.

Answered: 1 week ago

Previous Question Next Question