Need help with this accounting questions Blue Sky Industries' stock was trading at $85.50 at the end of the fiscal year.The company reported earnings per share of $7.25 for the year. Calculate thecompany's P/E ratio. Round the answer to two decimal places.

Step 1: Definition of PE RatioPrice-to-Earnings (PE) Ratio: The PE ratio is a valuation metric that…

Answered: Blue Sky Industries' stock was trading…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 22E

See similar textbooks

Similar questions

What is the PE ratio of this financial accounting question?
Crane Jewelers management announced that the company had net earnings of $4,356,000 for this year. The company has 1,613,000 shares outstanding, and the year-end stock price is $68.91. What are Crane’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)
Please provide this question answer financial accounting
Financial Accounting
Pharoah Jewelers management announced that the company had net earnings of $8,107,000 for this year. The company has 3,586,000 shares outstanding, and the year-end stock price is $43.53. What are Pharoah’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25) Earnings per share $ enter a dollar amount rounded to 2 decimal places P/E ratio enter P/E ratio in times rounded to 2 decimal places times
Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 times
The following information is available for Jase Company: Market price per share of common stock $25.00 Earnings per share on common stock 1.25 Which of the following statements is correct? a. The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year. b. The market price per share and the earnings per share are not statistically related to each other. c. The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. d. The price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year.
What is the firm's PE ratio on these financial accounting question?
Answer the questions based on the Data Table.
Justice Corporation reported the following financial statements: LOADING... (Click the icon to view the financial statements.) The company has 2,900 shares of common stock outstanding and the market price is $25 per share. What is Justice's price/earnings ratio? (Round any intermeidary calculations and your final answer to two decimal places, X.XX.) A. 0.09 B. 8.80 C. 8.80 times D. $0.09 Click to select your answer. Financial Statements Justice Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents $2,150 $1,724 Accounts Receivable 1,966 1,772 Merchandise Inventory 1,348 1,104 Prepaid Expenses 1,638 2,055 Total Current Assets 7,102 6,655 Other Assets 17,335 16,268 Total Assets $24,437 $22,923 Liabilities Current Liabilities $7,383…
Reagan Corp. has reported a net income of $801,000 for the year. The company's price is $13.08, and the company has 322,950 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.
The table that follows shows the stock price, earnings per share, and dividends per share for three companies for a recent year: Price Earningsper Share Dividendsper Share Jones Co. $161.13 $4.10 $4.83 Smith Co. 42.28 0.70 0.85 Tucker Co. 78.32 4.40 2.90 a. Determine the price-earnings ratio and dividend yield for the three companies. Round to one decimal place. If an amount should be zero, enter in "0". Price-Earnings Ratio Dividend Yield Jones Co. % Smith Co. % Tucker Co. %

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Blue Sky Industries' stock was trading at $85.50 at the end of the fiscal year. The company reported earnings per share of $7.25 for the year. Calculate the company's P/E ratio. Round the answer to two decimal places.