Answered step by step
Verified Expert Solution
Question
1 Approved Answer
According to the information presented below, can you calculate the Price-to-Earnings Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest
According to the information presented below, can you calculate the Price-to-Earnings Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $8,646,505 Receivables $2,845,232 Inventory $6,600,866 Total Current Assets $27,320,221 Total Non-Current Assets $12,824,744 Payables $3,488,401 Total Current Liabilities $8,212,482 Total Liabilities $13,116,702 Number of Shares Outstanding 1,457,337 Shareholders' Equity ??? Price per Share $87 Alternatives, INC Income Statement Extract Total Revenue $41,696,863 Cost of Goods Sold $28,258,768 Depreciation $935,238 Interest Expense Operating Expenses Earnings before Interest and Taxes (EBIT) Net Income $14,633,613 $1,668,633 ??? ??? Earnings per Share 3
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