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2016 Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000 Total current liabilities 150,000 80,000 Total long-term liabilities 350,000 250,000 Preferred 9% stock, P100 par 100,000 100,000 Common stock, P10 par 600,000 600,000 Paid-in capital in excess of par-common stock 60,000 60,000 Retained earnings 300,000 210,000 The net income is P150,000 and interest expense is P30,000 for 2017. And the current market price of the share is P22.20 in 2017, and P21.25 in 2016. what is the P/E Ratio of Burrows security in 2017? Activate Wind

2016 Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000 Total current liabilities 150,000 80,000 Total long-term liabilities 350,000 250,000 Preferred 9% stock, P100 par 100,000 100,000 Common stock, P10 par 600,000 600,000 Paid-in capital in excess of par-common stock 60,000 60,000 Retained earnings 300,000 210,000 The net income is P150,000 and interest expense is P30,000 for 2017. And the current market price of the share is P22.20 in 2017, and P21.25 in 2016. what is the P/E Ratio of Burrows security in 2017? Activate Wind

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Best Chapter 1-61 BUS 300 Ch SFash The balance sheets of Burrows Company at the end of each of the first two years of operations indicate the following: 2017 2016 Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000 Total current liabilities 150,000 80,000 Total long-term liabilities 350,000 25 00 Preferred 9% stock, P100 par 100,000 100,000 Common stock, P10 par 600,000 600,000 Paid-in capital in excess of par-common stock 60,000 60,000 Retained earnings 300,000 210,000 The net income is P150,00o and interest expense is P30,000 for 2017. And the current market price of the share is P22.20 in 2017, and P21.25 in 2016. what is the P/E Ratio of Burrows security in 2017? Activate Window Go to Settings to act
Transcribed Image Text:Best Chapter 1-61 BUS 300 Ch SFash The balance sheets of Burrows Company at the end of each of the first two years of operations indicate the following: 2017 2016 Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000 Total current liabilities 150,000 80,000 Total long-term liabilities 350,000 25 00 Preferred 9% stock, P100 par 100,000 100,000 Common stock, P10 par 600,000 600,000 Paid-in capital in excess of par-common stock 60,000 60,000 Retained earnings 300,000 210,000 The net income is P150,00o and interest expense is P30,000 for 2017. And the current market price of the share is P22.20 in 2017, and P21.25 in 2016. what is the P/E Ratio of Burrows security in 2017? Activate Window Go to Settings to act
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