Question
QUESTION 23 ChaCha Corp. reports the following at year end: Net Income $612,000 Long-term debt 855,000 Common stock, $5 par 400,000 Market Price per
QUESTION 23 ChaCha Corp. reports the following at year end: Net Income $612,000 Long-term debt 855,000 Common stock, $5 par 400,000 Market Price per share ChaCha stock $32 #shares of common stock outstanding 80,000 What are ChaCha's Eamings per Share and Price/Earnings ratio, respectively? $2.88 EPS and P/E 11.1 O $7.65 EPS and P/E 4.18 O $4.18 EPS and P/E = 7.7 O $1.96 EPS and P/E = 16.32 QUESTION 24 Melon, Inc had an accounts receivable tumover rate of 8.2 in 2016. In 2017, this ratio had changed to 9.3. Which of the following could account for this change? O Mellon could have had a significant increase in Sales. O Melon could have had a significant increase in its Inventory. O Melon could have had a significant increase in collection of sales on account. Both A and C above are correct.
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