Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Corp. has Net Income of $45,783.16, total liabilities of $176,000, and total equity of $395,000. What is the return on (total) assets? 7.78 percent

image text in transcribedimage text in transcribed

ABC Corp. has Net Income of $45,783.16, total liabilities of $176,000, and total equity of $395,000. What is the return on (total) assets? 7.78 percent o 9.94 percent O 11.59 percent 8.02 percent 6.48 percent ABC Corp. has $32,097.00 in Net Income. The firm has 7,500 shares of stock outstanding. The market price per share of the firm is $15. What is the price-earnings ratio? O 3.15 O 4.42 3.98 0 3.51 o 4.27

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

Quantitative Finance Its Development Mathematical Foundations And Current Scope

Authors: T. Wake Epps

1st Edition

0470431997, 9780470431993

More Books

Students also viewed these Finance questions