liquidation value 1,000 shares and authorized, issude and outstanding P 100,000 Ordinary share, P25 par value, 100,000 shares authorized, 10, 000 shares issued and outstanding P 250, 000 Lokan’s net income for the year ended December 31, 2012 was P450, 000, but no dividends were declared. The market price of the ordinary share at the end of 2012 is P264.00. What is Lokan’s price-earnings multiple at December 31, 2009? a. 5.9 c. 6
liquidation value 1,000 shares and authorized, issude and outstanding P 100,000 Ordinary share, P25 par value, 100,000 shares authorized, 10, 000 shares issued and outstanding P 250, 000 Lokan’s net income for the year ended December 31, 2012 was P450, 000, but no dividends were declared. The market price of the ordinary share at the end of 2012 is P264.00. What is Lokan’s price-earnings multiple at December 31, 2009? a. 5.9 c. 6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Lokan, Inc., was organized on January 2, 1010, with the following capital
structure:
|
10% cumulative 1,000 shares and authorized, issude and outstanding |
P 100,000 |
| Ordinary share, P25 par value, 100,000 shares authorized, 10, 000 shares issued and outstanding |
P 250, 000 |
Lokan’s net income for the year ended December 31, 2012 was P450, 000,
but no dividends were declared. The market price of the ordinary share at
the end of 2012 is P264.00. What is Lokan’s price-earnings multiple at December 31, 2009?
a. 5.9 c. 6
b. 45 d. 44
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