Need help 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.

We have given, Net income = $847,700Share price = $13.19Outstanding shares = 319,740 The value of…

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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What is firm's price earnings ratio?
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.
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Reagan Corp has net income of $843,800 for the year. Their share price is $13.54 and they have 311,890 outstanding. What is the firm's price-earnings ratio?
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Reagan Corp. has reported a net income of $801,000 for the year. The company's price is $13.08, and the company has 322,950 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.
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Compute the firm's price earnings ratio on these financial accounting question?

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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.