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You are a financial manager for Shah Corporation. The CEO of the firm asked you to calculate earnings per share, price-earnings ratio, and return on
- You are a financial manager for Shah Corporation. The CEO of the firm asked you to calculate earnings per share, price-earnings ratio, and return on equity. The firm currently has 1,100,000 shares of common stock outstanding. The net income for the year ending December 31, 2021, is $1,200,000. The market price of the share is $29.98. The company used a debt-equity ratio of 0.98 and the return on assets for the year 2021 is 5.18%. Based on the given information, what is the earnings per share, price-earnings ratio, and return on equity?
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