General Finance A COMPANY HAS NET INCOME OF $850,000. IT HAS 125,000 WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING AND A MARKET VALUE PERSHARE OF $115.THE COMPANY'S PRICE EARNINGS RATIO EQUALS: ?

Explanation of Net Income :Net income is a company's total earnings or profit. It's calculated by…

Answered: A COMPANY HAS NET INCOME OF $850,000.…

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.)
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A COMPANY HAS NET INCOME OF $850,000. IT HAS 125,000 WEIGHTED- AVERAGE COMMON SHARES OUTSTANDING AND A MARKET VALUE PER SHARE OF $115. THE COMPANY'S PRICE EARNINGS RATIO EQUALS: ?