Need help with this question solution general accounting A company has net income of $ 1,390,000. It also has179,000 weighted-average common shares outstandingand a market value per share of $169. The company'sprice-earnings ratio is equal to:

Step 1: Define Price-Earnings RatioPrice-Earnings Ratio is a financial ratio which compares the…

Answered: A company has net income of $…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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Reagan Corp. has reported a net income of $847,700 for the year. The company's share price is $13.19 and has 319,740 outstanding shares. Compute the firm's price-earnings ratio.
What is firm's price earnings ratio?
A company has a net income of $865,000; it's weighted average common shares....

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A company has net income of $ 1,390,000. It also has 179,000 weighted-average common shares outstanding and a market value per share of $169. The company's price-earnings ratio is equal to: