Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 09, 2024

Oriole Corporation had net income of $2070000 and paid dividends to common stockholders of $302000 in 2017. The weighted average number of shares outstanding in

image text in transcribed

Oriole Corporation had net income of $2070000 and paid dividends to common stockholders of $302000 in 2017. The weighted average number of shares outstanding in 2017 was 517500 shares. Oriole Corporation's common stock is selling for $60 per share on the NASDAQ. Oriole Corporation's price-earnings ratio is 30 times. 22 times. 15 times. 4 times

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

Auditing a risk based approach to conducting a quality audit

Auditing a risk based approach to conducting a quality audit

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

9th edition

9781133939160, 1133939155, 1133939163, 978-1133939153

More Books

Students also viewed these Accounting questions

Question

★★★★★

How does Disneys cross-platform franchising help create sustainable competitive advantage?

Answered: 1 week ago

Question

★★★★★

Consider the following sales data, in millions of dollars: 2013 2015 1st quarter 152 1st quarter 217 2nd quarter 162 2nd quarter 209 3rd quarter 157 3rd quarter 202 4th quarter 167 4th quarter 221...

Answered: 1 week ago

Question

★★★★★

=+23. Friday the 13th, traffic. In 1993 the British Medical Journal published an article titled, Is Friday the 13th Bad for Your Health? Researchers in Britain examined how Friday the 13th affects...

Answered: 1 week ago

Question

★★★★★

Larissa Warren, the owner of East Coast Yachts, has been in discussions with a yacht dealer in Monaco about selling the companys yachts in Europe. Jarek Jachowicz, the dealer, wants to add East Coast...

Answered: 1 week ago

Question

★★★★★

Required production for the 3rd quarter of 2021 is as follows: July 60,000 units August 80,000 units September 55,000 units Each unit takes 0.3 direct labor hours to complete and employees are paid...

Answered: 1 week ago

Question

★★★★★

Robertos Honey Farm in Chile makes five types of honey: cream, filtered, pasteurized, mlange (a mixture of several types), and strained, which are sold in 1 kilogram or 0.5 kilogram glass containers,...

Answered: 1 week ago

Question

★★★★★

W Date tion. State the domain, range, and horizontal 2) y = x-2 20 18 16 14 12 10 18 +2 6 8 Period

Answered: 1 week ago

Question

★★★★★

The documentary states child labour are more like governments (vs companies) dictating what we become, who we believe we are and what we believe in. Basically acting like politicians but elected by...

Answered: 1 week ago

Question

★★★★★

Exercise 2.30. Assume that of all twins are identical twins. You learn that Miranda is expecting twins, but you have no other information. (a) Find the probability that Miranda will have two girls....

Answered: 1 week ago

Question

★★★★★

Create an organizational metaphor of your own and connect it to business ethics. How do we use this metaphor to help us understand and to respond to business ethics?

Answered: 1 week ago

Question

★★★★★

In a factory, the operation runs five days a week for eight hours a day. Each week includes one 15-minute meeting and a total time of 45-minute is spent on maintenance. Employees get one half- hour...

Answered: 1 week ago

Question

★★★★★

5. Instead of making the lump-sum deposit of $6,000 described in problem 4, you decide to deposit $100 at the end of each month in an annuity that pays 6.5% compounded monthly. (a) How much will you...

Answered: 1 week ago

Question

★★★★★

3. Self-awareness is very important. As we get to know ourselves, we can identify barriers to acceptance by others. Once you have identified your most preferred communication style, you have taken a...

Answered: 1 week ago

Question

★★★★★

4. You have been given the opportunity to complete an online assessment of your communication style (see page 64). After completion of this assessment you were provided with a profile that indicates...

Answered: 1 week ago

Question

★★★★★

1. If Ms. Perez displays the characteristics of the Director communication style, how should Eric conduct himself during the meeting? Be specific as you analyze those behaviors that would be admired...

Answered: 1 week ago

Previous Question Next Question