The following information was drawn from the financial statements of Last Minute Inc. and the Just-in-Time Co.

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a. Calculate the earnings per share (EPS) for each company.

b. Calculate the price-earnings (P/E) ratio for each company.

c. Which company does the market seem to be the most optimistic about?

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Survey Of Accounting

ISBN: 9780077503956

1st Edition

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

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Question Posted: May 12, 2024 04:01 AM

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The following information was drawn from the financial statements of Last Minute Inc. and the Just-in-Time Co.

Question:

Statement Data Revenue Net income Number of shares of common stock outstanding Market price per share Last Minute Inc. Just-in-Time Co. $20,000,000 $15,000,000 $ 1,150,000 $ 900,000 1,200,000 500,000 $ 17.25 $ 21.50

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