A company reported $1,050,000 in net income for the current year. Earnings per common share is $1.75 and the year-end market price of the shares is $31.50. Calculate the company's price earnings ratio.
What will be an ideal response?
Price-Earnings Ratio = Market Price per Share/ (Net Income/Weighted-Average Common Shares Outstanding)
Price-Earnings Ratio = $31.50/1.75=18
You might also like to view...
The purpose of _____ is to know the consumers better so the business can serve them better, while streamlining its marketing and sales operations.
Fill in the blank(s) with the appropriate word(s).
Companies are practicing ________, which is the practice of marketing products or services as being environmentally friendly with the purpose of gaining public approval and sales rather than actually improving the environment.
A. whitewashing B. unlicensed branding C. fair trade D. green sheen E. black marketing
In Japan the FTC does not require a __________ to raid a firm suspected of being in violation of trust law.
Fill in the blank(s) with the appropriate word(s).
Which of the following can cause delays in production in an MRP II system?
a. Processing time variability b. Part delivery variability c. Both processing time and part delivery variability d. Neither processing time nor part delivery variability