Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

ABC, Inc. has $8,400 in sales. The profit margin is 3 percent. There are 6,200 shares of stock outstanding, with a price of $1.20 per

ABC, Inc. has $8,400 in sales. The profit margin is 3 percent. There are 6,200 shares of stock outstanding, with a price of $1.20 per share. What is the company's priceearnings 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

Financial Ratio Analysis

Authors: Andrew P.C.

1st Edition

1973493381, 978-1973493389

More Books

Students also viewed these Finance questions

Question

★★★★★

In Figure 5.25 how does the magnitude of f relate to the vector sum of mg and N when the shoe is in equilibrium? What occurs if f is less than this sum? Figure 5.25: (a) On friction-free ice, only mg...

Answered: 1 week ago

Question

★★★★★

152. Afunctiong(x) isconvex if the chord connectingany two points on the functions graph lies above the graph. When g(x) is differentiable, an equivalent condition is that for every x, the tangent...

Answered: 1 week ago

Question

★★★★★

Thoni Manufacturing has gathered information from materials requisition sheets and labor time sheets for several jobs worked on during the last month and needs to calculate the job costs. Required a....

Answered: 1 week ago

Question

★★★★★

Benefits of cryptocurrencies and blockchain include all of the following EXCEPT: Select one: O A. Transaction costs among all of the participants in the economy can be reduced. O B. Rating agencies...

Answered: 1 week ago

Question

★★★★★

Check my work 4 ! Part 2 of 2 Required information (The following information applies to the questions displayed below.) Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty...

Answered: 1 week ago

Question

★★★★★

Decode the string below and then find the appropriate substitution cipher to decode thephrasebelow and find the flag. JBNFIUBNGYYDMMZTGEZAU=== Find the appropriate substitution cipher to decode...

Answered: 1 week ago

Question

★★★★★

The Children\'s Foundation enters into a contract with The Lively Group. The contract obligates The Children\'s Foundation to deliver a specified amount of cash to The Lively Group if a specified...

Answered: 1 week ago

Question

★★★★★

Solve question 1 Q-5) Consider the following more complex regression (4 points) [Do not forget to create a dummy variable for marital] SUMMARY OUTPUT SUMMARY OUTPUT Regression Statistic Regression...

Answered: 1 week ago

Question

★★★★★

A sphere of radius R = 0.315 m and uniform charge density 151 nC/m lies at the center of a spherical, conducting shell of inner and outer radii 3.50R and 4.00R, respectively. The conducting shell...

Answered: 1 week ago

Question

★★★★★

The yards per carry of 20 randomly selected college football running backs are listed below. Assume the yards per carry are normally distributed. Use two decimal places in all numerical answers. 2.8,...

Answered: 1 week ago

Question

★★★★★

7. Identify and describe three characteristics of an ethical student of culture.

Answered: 1 week ago

Question

★★★★★

5. Explain how studying intercultural communication can lead to increased self-understanding.

Answered: 1 week ago

Question

★★★★★

2. Foreign Labor Trends. Search the Foreign Labor Statistics home page of the Bureau of Labor Statistics to find the following information: Hourly compensation costs in U.S. dollars for production...

Answered: 1 week ago

Previous Question Next Question