Question
ChaCha Corp. reports the following at year end: Net Income $612,000 Long-term debt 855,000 Common stock, $5 par 400,000 Market Price per share ChaCha stock
ChaCha Corp. reports the following at year end:
Net Income $612,000
Long-term debt 855,000
Common stock, $5 par 400,000
Market Price per share ChaCha stock $32
# shares of common stock outstanding 80,000
What are ChaCha's Earnings per Share and Price/Earnings ratio, respectively?
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Horngrens Accounting
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
11th Canadian Edition Volume 2
0135359783, 978-0135359785
