Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help on the price earnings ratio You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income
need help on the price earnings ratio
You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $13.80 million and common stock dividends of $1.70 million. Roxie's year-end balance sheet shows common stockholders' equity of $51.5 million with 15 million shares of common stock outstanding. The common stock's market price per share was $8.50 What is Roxie's Bed & Breakfast's book value per share? (Round your answer to 2 decimal places.) Answer is complete and correct. Book valus per share What is Roxie's Bed & Breakfast's earnings per share? (Round your answer to 2 decimal places.) Answer is complete and correct. 1.03 Calculate the market-to-book ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. 2.48 times Market-to-book ratio Calculate the price-earnings ratio, (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. mings ratio 8.30 times Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started