Question
ASSETS 2018 2017 LIABILITIES 2018 2017 Cash 2,400 900.00 Total Current Liabilities 28,000 13,200 Short Term Invest. 28,000 9,000 Long-term Liabilities 13,900 10,300 Accounts Receivable
ASSETS 2018 2017 | LIABILITIES 2018 2017 |
Cash 2,400 900.00 | Total Current Liabilities 28,000 13,200 |
Short Term Invest. 28,000 9,000 | Long-term Liabilities 13,900 10,300 |
Accounts Receivable 7,500 5,200 | Total Liabilities 41,900 23,500 |
Merchandise Inventory 6,900 8,600 | Stockholders Equity |
Other Current Assets 8,000 1,500 | Common Stock 11,000 11,000 |
Total Current Assets 52,800 25,200 | Retained Earnings 29,900 19,700 |
All Other Assets 30,000 29,000 | Total Equity 40,900 30,700 |
Total Assets $82,800 $54,200 | Total Liabilities and Equity 82,800 54,200 |
Exercise is Computing EPS and P/E Ratio
Figure out
A. Compute Earnings per share (EPS) for 2018 for LeBronson's . Round to the nearest cent.
B. Compute LeBronson's Companies' price/earnings ratio for 2018. The market price per share of Lebronson's stock is $12.50.
C. What do these results mean when evaluating LeBronson's Companies' profitability?
I tried to build a chart with the first total 2018 and the second being 2017 to the right. Trying to get the correct formula and ratios down.
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