Quick answer of this accounting questions Carol's has $950,000 in sales. The profit margin is 4.2 percent and the firmhas 8,000 shares of stock outstanding. The market price per share is $18.What is the price-earnings ratio?a) 3.85b) 4.05c) 4.52d) 3.62e) 4.28

Step 1: Definition of Price-Earnings RatioThe price-earnings (P/E) ratio measures the relationship…

Answered: Carol's has $950,000 in sales. The…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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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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Carol's has $950,000 in sales. The profit margin is 4.2 percent and the firm has 8,000 shares of stock outstanding. The market price per share is $18. What is the price-earnings ratio? a) 3.85 b) 4.05 c) 4.52 d) 3.62 e) 4.28