Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 01, 2024

A firm has a price-earnings ratio of 15.4, net income of $57,285 and earnings per share of $.55. How many shares of stock are outstanding?

A firm has a price-earnings ratio of 15.4, net income of $57,285 and earnings per share of $.55. How many shares of stock are outstanding? O 101.225 O 6,763 O 135,336 O 104,155 O 25,467

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

Recommended Textbook for

Personal Finance

Authors: Vickie L Bajtelsmit

2nd Edition

111959247X, 9781119592471

More Books

Students also viewed these Finance questions

Question

★★★★★

Find a formula for the inverse of the function. (a) F(x) = 1 + 2 + 3x (b) f(x) = e2x-1 (c) y = ln (x + 3)

Answered: 1 week ago

Question

★★★★★

The ledger of Armour Lake Lumber Supply on July 31, 2019, includes the selected accounts below before adjusting entries have been prepared. An analysis of the company's accounts shows the following....

Answered: 1 week ago

Question

★★★★★

=+31. Movie revenue revisited. In Exercise 8 we found a model for the gross revenue from U.S. movie theatres for 106 recent movies that were rated either R or PG-13. A plot of residuals against...

Answered: 1 week ago

Question

★★★★★

Aberkonkie Corporation prepares quarterly financial statements. The post- closing trial balance at December 31, 2016, is presented below. During the first quarter of 2017, the following transaction...

Answered: 1 week ago

Question

★★★★★

Assume that at the beginning of the year, you purchase an investment for $10,500 that pays $33 annual income. Also assume that the investments value has increased to $11,400 at the end of the year....

Answered: 1 week ago

Question

★★★★★

2. Below is a payroll sheet for Opel Company for the month of November 2018. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is ACC 322 - Z....

Answered: 1 week ago

Question

★★★★★

In an agile lifecycle, who should be involved in all overlapping sprints or releases? Select an answer: everyone on the product team the product manager only You should not overlap sprints or...

Answered: 1 week ago

Question

★★★★★

According to the concept of "position/legitimate power," the CEO has the ultimate responsibility for leading the tasks of forming, implementing, and executing a strategic plan for the whole...

Answered: 1 week ago

Question

★★★★★

Which of the following considerations is legally in sufficient? Tony bought a book for $100. Ruby offers to buy it for $10. Tony bought a text book for $100. He offers to give it to Ruby if Ruby...

Answered: 1 week ago

Question

★★★★★

Suppose you wake-up one morning and all news outlets are reporting the following: Congress has just passed & the president has approved legislation that would change the U. S. currency. Now, instead...

Answered: 1 week ago

Question

★★★★★

Which of the following is clearly an absolute criterion that must be met? Multiple Choice The employee Wellness Center must cost less than $250,000 to build. The band for the picnic should be able to...

Answered: 1 week ago

Question

★★★★★

3. To retrieve information from memory.

Answered: 1 week ago

Question

★★★★★

2. Value-oriented information and

Answered: 1 week ago

Question

★★★★★

1. Empirical or factual information,

Answered: 1 week ago

Previous Question Next Question