Need answer please Reagan Corp. has reported a net income of $847,700 forthe year. The company's share price is $13.19 and has319,740 outstanding shares.Compute the firm's price-earnings ratio.

The price-earnings (P/E) ratio is calculated by dividing the market price per share by the earnings…

Answered: Reagan Corp. has reported a net income…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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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.)
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FFDP Corporation has yearly sales of $29.9 million and costs of $15.7 million. The company’s balance sheet shows debt of $55.9 million and cash of $39.9 million. There are 1,960,000 shares outstanding and the industry EV/EBITDA multiple is 9.4. a. What is the company’s enterprise value? b. What is the stock price per share?
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Financial Accounting
Greene, Inc.'s balance sheet indicates that the book value of stockholders' equity (book value per share×total shares outstanding) is $750,800. The firm's earnings per share are $3.24, which produces a price-earnings ratio of 12.32. If there are 49,000 shares of common stock outstanding, what is the firm's market-to-book ratio (i.e., the ratio of price per share to book value per share)? What does the market-to-book ratio tell us?

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Reagan Corp. has reported a net income of $847,700 for the year. The company's share price is $13.19 and has 319,740 outstanding shares. Compute the firm's price-earnings ratio.