Question
ChaCha Corp. reports the following at year end: Net Income$612,000 Long-term debt855,000 Common stock, $5 par400,000 Market Price per share ChaCha stock$32 # shares of
ChaCha Corp. reports the following at year end:
Net Income$612,000
Long-term debt855,000
Common stock, $5 par400,000
Market Price per share ChaCha stock$32
# shares of common stock outstanding80,000
What are ChaCha's Earnings per Share and Price/Earnings ratio, respectively?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Lawrence Tomassini
5th Edition
0077282078, 9780077282073
