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Chapter 3 4) You are a financial manager for Shah Corporation. The CEO of the firm asked you to calculate earnings per share, price earnings
Chapter 3 4) You are a financial manager for Shah Corporation. The CEO of the firm asked you to calculate earnings per share, price earnings ratio, and return on equity. The firm currently has 2,100,000 shares of common stock outstanding. The net income for year ending December 31, 2020 is $3,100,000. The market price of the share is $3.25. The company used a debt-equity ratio of 0.55 and return on assets for year 2020 is 5.15%. Based on the given information, what is the earnings per share, price earnings ratio, and return on equity? (3 Points)
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