Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share

"A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firm's price-earnings ratio?"

16.21

16.4

$17.09

$17.28

$17.94

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

ISE Real Estate Finance And Investments

Authors: Jeffrey Fisher William B. Brueggeman

17th International Edition

1264892888, 9781264892884

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain why information such as that contained in IBISWorld Industry Reports would be beneficial to you for an upcoming interview.

Answered: 1 week ago

Question

★★★★★

The attribution by each party of negative motives and qualities to the other party usually indicates that the parties: a. hold fluid positions b. have an accurate understanding of each others...

Answered: 1 week ago

Question

★★★★★

1. Keep definitions of key vocabulary available as you study.

Answered: 1 week ago

Question

★★★★★

Blue Ribbon Fisheries is a fishing company located on the Canadian Pacific coast. It has three divisions: a. Harvesting-operates a fleet of 20 trawling vessels. b. Processing-processes the raw fish...

Answered: 1 week ago

Question

★★★★★

In March 2018, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securities $2,000 in March...

Answered: 1 week ago

Question

★★★★★

What actions can/do governing authorities take to promote long-run economic development What actions can/do governing authorities take to promote long-run economic development?

Answered: 1 week ago

Question

★★★★★

1. [13 marks] Suppose you are a member of a team of quality assurance specialists. Your team wants to determine whether a product meets engineering design specifications provided by the product...

Answered: 1 week ago

Question

★★★★★

What do you find wrong with Connair's controls? (10) 2. Are there any other techniques or approaches to control that you would suggest? (10

Answered: 1 week ago

Question

★★★★★

15.Mr Bala conducted a study to see how long his students spend on their phones in minutes to do a specific DESMOS graphing problem. Time 3 4 5 6 7 8 9 Frequency 2 3 4 5 5 61 a. Based on the...

Answered: 1 week ago

Question

★★★★★

The average distance that can be traveled with 1 liter of gasoline from the motorbike under investigation is 38 km with a standard deviation of 6 km. If the distance traveled is normally distributed:...

Answered: 1 week ago

Question

★★★★★

Two alternative pieces of municipal solid waste bailing equipment are being considered for a project with a design life of 1 2 yr . Alternative 1 has a capital cost of $ 9 6 0 0 , zero salvage value,...

Answered: 1 week ago

Question

★★★★★

Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...

Answered: 1 week ago

Question

★★★★★

In this video, Mr. Wheeler focuses mostly on diversity and on sexual harassment. Discuss five other aspects of equal employment opportunity at work that are also important.

Answered: 1 week ago

Question

★★★★★

Do you think Ms. Browne Sanders had the basis for a sexual harassment suit? Why?

Answered: 1 week ago

Previous Question Next Question