Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Intro Use the following information to answer the questions: Assets Cash 9,000 Marketable securities 4,000 Accounts receivable 11,000 Inventory Current assets 41,000 65,000 Liabilities and

image text in transcribedimage text in transcribed

Intro Use the following information to answer the questions: Assets Cash 9,000 Marketable securities 4,000 Accounts receivable 11,000 Inventory Current assets 41,000 65,000 Liabilities and Equity Accounts payable 20,000 Notes payable 8,000 Current liabilities 28,000 Long-term debt 80,000 Total liabilities 108,000 Paid-in capital 30,000 Retained earnings 29,000 Equity 59,000 Total liab. & equity 167,000 42,000 Machines Real estate Net fixed assets 60,000 102,000 167,000 Total assets Line item Value Sales 800,000 Operating expenses 656,000 Depreciation 25,000 EBIT 119,000 Interest 8,000 Taxable income 111,000 Taxes 36,630 Net income 74,370 The company has 30,000 shares outstanding, each currently trading at $21.4. Part 1 | Attempt 1/3 for 10 pts. What are earnings per share? 2.479 Part 2 | Attempt 1/3 for 10 pts. What is the price-earnings ratio? 8.632 | Attempt 1/3 for 10 pts. Part 3 What is the book value per share? 2+ decimals Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions