Please provide this question solution general accounting Calculate the estimated price per share using the P/E multiplesapproach if a company has a P/E ratio of 15.5, total earnings of$825,000, and 150,000 shares outstanding.

Given:Total Earnings: $825,000Shares Outstanding:$150,000 Calculation for the estimated price per…

Answered: Calculate the estimated price per share…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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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 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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A company in the same industry as Company XYZ has a price-to-earnings (P/E) ratio of 15. If Company XYZ's earnings per share (EPS) is $3, what is the estimated value of Company XYZ's stock based on the P/E multiple? a b C d $20 $30 $45 $50
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Calculate the estimated price per share using the P/E multiples approach if a company has a P/E ratio of 15.5, total earnings of $825,000, and 150,000 shares outstanding.