What is the price earnings ratio on these general accounting question? Bernice's has $823,000 in sales. The profit marginis 3.9 percent and the firm has 7,500 shares ofstock outstanding. The market price per share is$15. What is the price-earnings ratio?a) 3.51b) 3.15c) 3.98d) 4.27e) 4.42

Step 1: Define Price-Earnings RatioIn the domain of finance, the concept of price-earnings multiple…

Answered: Bernice's has $823,000 in sales. The…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

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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.)
What is the price earnings ratio? for this accounting question
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Bernice's has $823,000 in sales. The profit margin is 3.9 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $15. What is the price-earnings ratio? a) 3.51 b) 3.15 c) 3.98 d) 4.27 e) 4.42