Falcon Corporation recently disclosed the following financial information: • Earnings: $980,000 • Assets: $5,200,000 • • Liabilities: $1,450,000 (then increased to $5,000) Shares Outstanding: 280,000 Market Price per Share: $30.00 Calculate the price-earnings ratio if liabilities increase to $5,000.

Falcon Corporation recently disclosed the following financial information: • Earnings: $980,000 • Assets: $5,200,000 • • Liabilities: $1,450,000 (then increased to $5,000) Shares Outstanding: 280,000 Market Price per Share: $30.00 Calculate the price-earnings ratio if liabilities increase to $5,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

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

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

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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