Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 13, 2023

On September 30, you observed a market price for a company of $45.62. Upon reviewing the income statement, you notice that the earnings were $1.36

On September 30, you observed a market price for a company of $45.62. Upon reviewing the income statement, you notice that the earnings were $1.36 million with 913,000 shares outstanding.

What is the P/E ratio?

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

Price Earning Ratio Price to Earnings Ratio is the ra... 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

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

Recommended Textbook for

Principles of Accounting

Authors: Needles, Powers, crosson

11th Edition

1439037744, 978-1133626985, 978-1439037744

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 1 week ago

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Answered: 1 week ago

Question

★★★★★

1. Find the general indefinite integral (x +x)dx 2. Find the general indefinite integral (u +4)(2u +1)du 7/4 1+cos? 0 de cos 0 3. Evaluate the integral . 4. Evaluate the integral by making the given...

Answered: 1 week ago

Question

★★★★★

In the 1990s, Russia was attempting to import more goods but had little to offer other countries in terms of potential exports. In addition, Russias inflation rate was high. Explain the type of...

Answered: 1 week ago

Question

★★★★★

What does the following code fragment print? System.out.println(Character.isDigit('#')); System.out.println(Character.isWhitespace('\t')); System.out.println(Character. to LowerCase('B'));

Answered: 1 week ago

Question

★★★★★

2.35 Wayne Gretzky The number of goals scored by Wayne Gretzky was recorded for seasons 1978-1999. a. Draw a stem and leaf plot to describe the data. b. Calculate the mean and standard deviation for...

Answered: 1 week ago

Question

★★★★★

You want to estimate the average SAT score for all students who took the Ethan-Davies SAT Preparation course during the past 2 years. You select a simple random sample of 100 such students from a...

Answered: 1 week ago

Question

★★★★★

CSUCI Company produces and sells four products; W, X, Y and Z. The company uses the theory of constraints to determine its most profitable product mix. The following data relate to its four products:...

Answered: 1 week ago

Question

★★★★★

Differentiate broadly between financial accounting and managerial accounting.

Answered: 1 week ago

Question

★★★★★

NEED HELP UNDERSTANDING USING C#! using System; namespace Coins { class Program { static void Main(string[] args) { // all coins are initialised as 9973 int c1 = 9973; int c2 = 9973; int c3 = 9973;...

Answered: 1 week ago

Question

★★★★★

1 = data.quantile([0.25,0.75]) # Complete the code to find the 25th percentile and 75th percentile. Q3 = data.quantile([0.75,0.75]) # Complete the code to find the 75th percentile and 75th...

Answered: 1 week ago

Question

★★★★★

A 1,500 square foot office space is leased at $12.00 square foot. The space is vacant one month out of the year. Office expenses are $6.50 per square foot and an expense stop is set at $6.00 per...

Answered: 1 week ago

Question

★★★★★

Stacy Harding and Mike Ratliff are working together on an integrated curriculum for employees at the bank at which they work. As they develop objectives for their unit, they need to keep this in...

Answered: 1 week ago

Question

★★★★★

Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges and opportunities do you see for these companies as they expand into foreign...

Answered: 1 week ago

Question

★★★★★

b. Within your 'Product Pricing Worksheet' locate the 'Projected Cash Flow' tab and record below the maximum monthly cash flow shortfall for any month in the year (known as the Working Capital...

Answered: 1 week ago

Question

★★★★★

for Managers, 2nd Edition.pdf-Adobe Acrobat Reader DC St Chap001.pdf O 101 (130 of 657) Managerial Accoun... expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is...

Answered: 1 week ago

Question

★★★★★

What are conversion costs? What are prime costs?

Answered: 1 week ago

Question

★★★★★

Tell whether each of the following actions will increase, decrease, or have no effect on total assets, total liabilities, and total stockholders equity: 1. Declaration of a stock dividend 2....

Answered: 1 week ago

Question

★★★★★

Using the corporate tax rate schedule in Table 14-1, compute the income tax liability for the following situations: Situation Taxable Income A . $70,000 B ... 85,000 C . 320,000

Answered: 1 week ago

Question

★★★★★

Identify each of the following decision as most directly related to (a) Cash flow management (b) Choice of inventory system (c) Foreign merchandising transactions: 1. Determination of the amount of...

Answered: 1 week ago

Question

★★★★★

Under what circumstances will this change?

Answered: 1 week ago

Question

★★★★★

What are the behaviours that show this character is dealing with a conflict using Submission? (Remember that the intensity increases as the character moves from 1st option to 2nd option to 3rd...

Answered: 1 week ago

Question

★★★★★

What other characters in the story have an opposite sequence of

Answered: 1 week ago

Previous Question Next Question