A company originally issues 180,000 shares of stock at a price of $22; one year later the stock price is $40 per share, the number of outstanding shares is unchanged, and the company's net income for the year is $230,400. The P/E ratio at the end of the recent year is:
A. 31.25.
B. 24.22.
C. 0.0002.
D. 0.0001.
Answer: A
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In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting others have ownership and influence are examples of ________-related currencies.
A. Task B. Position C. Inspiration D. Relationship E. Personal
Which of the following activities is typical of the screening stage?
A. People must be hired and trained to provide services. B. Strengths, Weaknesses, Opportunities, and Threats are identified. C. Goods have to be produced to fill the channels of distribution. D. Products are introduced region by region in a gradual "rollout." E. Manufacturing or service facilities have to be set up.
Purchases and sales of long-term investments for the period should be netted for disclosure in the investing activities section of the statement of cash flows
Indicate whether the statement is true or false
On June 18, Burger Corporation entered into a firm commitment to purchase specialized equipment from the Hyabuza Trading Company for ¥80,000,000 on August 20 . The exchange rate on June 1 . is ¥100 = $1 . To reduce the exchange rate risk that could increase the cost of the equipment in U.S. dollars, Burger pays $12,000 for a call option contract. This contract gives Burger the option to
purchase ¥80,000,000 at an exchange rate of ¥100 = $1 on August 20 . On August 20, the exchange rate is ¥93 = $1 . How much did Burger save by purchasing the call option (answers rounded to the nearest dollar)? a. $12,000 b. $48,215 c. $60,215 d. Burger would have been better off not to have purchased the call option.