Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Financial ratio The following information is available about Seine Company. Number of Shares=400,000 EBIT=$3 million Total assets=$18 million Short-term liabilities=$2 million COGS-$6 MILLION Income tax

Financial ratio

The following information is available about Seine Company.

Number of Shares=400,000

EBIT=$3 million

Total assets=$18 million

Short-term liabilities=$2 million

COGS-$6 MILLION

Income tax rate=35%

Coupon rates on bonds=6%

Average inventory=$1.5 million

Find its

  1. Inventory turnover 4.00
  2. Interest coverage ratio 8.333
  3. Earnings per share $4.29
  4. Price per share $25.00
  5. P.E ratio 5.83

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners

Authors: Warren Piper Ruell

1st Edition

1713479397, 978-1713479390

More Books

Students also viewed these Accounting questions

Question

What were the reasons the collective agreement was achieved?

Answered: 1 week ago

Question

What does Copp say is the most important asset of any airline?

Answered: 1 week ago