Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. Earnings per Share? b. price-earnings ratio? c. book value per share d.market/book ratio Use the following information to answer the questions: Assets Cash Marketable

image text in transcribed
image text in transcribed
a. Earnings per Share?
b. price-earnings ratio?
c. book value per share
d.market/book ratio
Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Liabilities and Equity 14,000 Accounts payable 21,000 4,000 Notes payable 8,000 10,000 Current liabilities 29,000 39,000 Long-term debt 80,000 67,000 Total liabilities 109,000 42,000 Paid-in capital 30,000 60,000 Retained earnings 30,000 102,000 Equity 60,000 169,000 Total liab. & equity 169,000 Total assets Line item Value Sales 770,000 Operating expenses 631,400 Depreciation 25,000 EBIT 113,600 Interest 8,000 Taxable income 105,600 Taxes 34,848 Net income 70,752 The company has 30,000 shares outstanding, each currently trading at $2

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_2

Step: 3

blur-text-image_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

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

11th edition

78025400, 978-0078025402

More Books

Students also viewed these Accounting questions