Song Corp's stock price at the end of last year was $28.75 and its earnings per share for the year were $1.30. What was its P/E ratio?
A. 23.00
B. 18.80
C. 27.64
D. 22.12
E. 17.69
Answer: D
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Prior probabilities are sometimes called likelihoods, the probabilities that are influenced by information about the outcome of an earlier uncertainty.
Answer the following statement true (T) or false (F)
Surveys can be used for which of the following purposes?
A) to evaluate advertising B) to examine purchase and consumption behavior C) for market segmentation D) all of the above
Which of the following types of interviews is most likely to involve several people, such as a search committee, who gather in a conference or seminar room with a job applicant to discuss the position?
A) Group interview B) Telephone interview C) Panel interview D) One-on-one interview E) Action interview
On January 1, 2017, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2017: BookValuesFairValuesCurrent assets$120,000 $120,000 Land 72,000 192,000 Building (twenty year life) 240,000 268,000 Equipment (ten year life) 540,000 516,000 Current liabilities 24,000 24,000 Long-term liabilities 120,000 210,000 Common stock 228,000 Additional paid-in capital 384,000 Retained earnings 216,000 ??Kaltop earned net income for 2017 of $126,000 and paid dividends of $48,000 during the year. ?At the end of 2017, the
consolidation entry to eliminate Cale's accrual of Kaltop's earnings would include a credit to Investment in Kaltop Co. for: A. $127,000. B. $0. C. $76,400. D. $124,400. E. $126,000.