The current annual sales of Flower Bud, Inc. are $178,000. Sales are expected to increase by 4% next year. The company has a net profit margin of 5% which is expected to remain constant for the next couple of years
There are 10,000 shares of common stock outstanding. The market multiple is 16.4 and the relative P/E of the firm is 1.21. What is the expected market price per share of common stock for next year?
A) $15.18
B) $17.66
C) $18.37
D) $19.29
Answer: C
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Some policies that apply equally to members of different races can violate the Civil Rights Act of
1964 because of the overall impact on the different races. Indicate whether the statement is true or false
A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit
What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year?
Native advertising uses a platform outside of its own media.
Answer the following statement true (T) or false (F)
Select the correct statement regarding the selling and administrative (S&A) expense budget.
A. The S&A budget is prepared before the pro forma income statement. B. The S&A budget is prepared before the cash budget. C. The S&A budget is prepared after the sales budget. D. All of the answers are correct.