Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The net income and average common shares outstandings for a grocery store chain are summarized as below. Period Ending Jan. 31 2015 Annual Net Income
The net income and average common shares outstandings for a grocery store chain are summarized as below.
Period Ending Jan. 31 | 2015 Annual |
Net Income (as reported) | 15,699 |
Avg. Common Shares Outstanding | |
Basic | 3,460 |
Diluted | 3,474 |
Now, the stock price on Jan. 31, 2015 was trading at $ 85. What would be the diluted P/E and the basic P/E in 2015?
basic = 4.5373; diluted = 4.5190 | ||
basic = 18.7337; diluted = 18.8095 | ||
basic = 0.05534; diluted = 0.0532 | ||
basic = 0.2204; diluted = 0.2213 |
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