Riggins Trucking, Inc. has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding. What is the price-sales ratio? What do market ratios measure? Want detailed answer

Riggins Trucking, Inc. has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding. What is the price-sales ratio? What do market ratios measure? Want detailed answer

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 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

See similar textbooks

Related questions

Q: Provide answer

A: As there are no taxes, The price per share has to be derived through the available debt in both…

Q: Determine the price of a $1.1 million bond issue under each of the following independent…

A: Explanation of Face Value:The face value (or par value) of a bond is the amount of money that the…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: Calculate the future value of each year's tuitionThe tuition payments are made at the…

Q: Harrison Corporation borrowed $35,000 from F&M Bank on June 1 of the current year. The bank required…

A: Step 1: Given that, Harrison coorporation borrowed $35,000 from F&M bank which requires 9% of…

Q: Not use ai please

A: Step 1:Given:Total Sales = $1,700Total cost = $745Depreciation = $155 Solve:Profit before tax =…

Q: 1β. L and M participate in the limited liability company "L" with participation percentages of 70%…

A: To address this scenario, we need to break it down step by step to determine the additional capital…

Q: Solve

A: Step 1:Computation of the average total assets: Average total assets = (Total assets at the…

Q: kau.3 answer must be in table format or i will give down vote

A: Approach to solving the question:Key Concept Approach to Impairment AccountingWhen dealing with…

Q: Please help with this question

A: The problem involves the determination of the earnings per share or EPS. It indicates how much…

Q: Give correct total assets

A: Step 1: Introduction to the Return on AssetReturn on asset (ROA) is an financial ratio that…

Q: I want answer

A: Step 1:To prepare the current assets section of the balance sheet, we list the current assets in…

Q: not use ai please don't

A: Step 1:Here's the filled-in table for the types of audits and their descriptions:Audit Type…

Q: What is a good response to? The FASB has outlined a specific way to deal with costs that affect more…

A: Detailed explanation: The concepts contained in ASC 270 for the presentation of costs that are…

Q: Daniel is considering selling two stocks that have not performed well over recent years. 6 friend…

A: If you have any problem let me know in comment box thankyou.

Q: Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large,…

A: Referencehttps://www.investopedia.com/articles/investing/102715/calculating-internal-rate-return-usi…

Q: Do not use Ai

A: To address the comprehensive problem, we need to prepare Christian Everland's 2016 tax return,…

Q: Divine Candy Company is considering purchasing a second chocolate dipping machine in order to expand…

A: 2. Other Factors to Consider Divine Candy Company should also consider the following…

Q: 3

A: Return on Investment is the percentage of return from operating activities of business to total…

Q: The operating profit margin (EBIT/sales) of ABC, Inc. is 18%, its TATO ratio (Sales/TA) is 1.50x,…

A: We will first calculate the company's ROA and then use that to find its ROE.Given information:-…

Q: aj.2 answer must be in table format or i wil give down vote [The following information applies to…

A: Explanation of Gross Income:Gross income is the total income earned by an individual before any…

Q: Solve this question

A: We calculate the following: First calculate the cost of goods manufactured and then the total…

Q: I want to answer this question

A: Step 1: Introduction to the Net salesThe income statement is the financial report prepared to…

Q: None

A: Step 1: Given Value for Calculation Sales = s = $616,400Profit Margin = pm = 8.75%Number of Shares =…

Q: A result of budget deficits is that governments have to borrow more, sometimes resulting in: a. Top…

A: The correct answer is D. the UK government's budget deficit.Here's why:Budget deficit means the…

Q: Big Data Big data and data analytics are becoming an important part of an accountant's methods for…

A: Company ProfileCompany Name: Bella BoutiqueIndustry: Specialty Retail (Fashion)Company Size:…

Q: Give true answer with calculation

A: Step 1: The formula to calculate the total return is: Total return=Beginning NAV(Ending…

Q: Give me answer

A: Question 1: a. Balancing an account: Calculating the difference between the debit and credit sides…

Q: Hi expart Provide solution

A: The problem involves the determination of the Operating Cash Flow or OCF. OCF refers to the cash…

Q: None

A: Explanation of Profitability Index (PI):The profitability index is a financial metric used to…

Q: Need help please

A: Step 1: Introduction to the Activity-Based Costing (ABC) ProcessThe indirect costs incurred by a…

Q: The following information pertains to Concord Company. Assume that all balance sheet amounts…

A: 1. Calculate the Earnings Per Share (EPS):The EPS is calculated using the formula:From the provided…

Q: not use ai please

A: To determine the missing values, we need to understand the relationships between the different…

Q: Research Problem 2. Your client, Vernon Jones, is a self-employed attorney. Vernon uses the cash…

A: Under the cash method of accounting, income generally is recognized in the year it is actually or…

Q: Need answer please

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

Q: hello! can someone answer and explain the solution to me. i badly needed this for my report tomorrow…

A: Requirement a1. Subscription of Preference SharesThe journal entry records the subscription of…

Q: generate answer in 3 steps with explanation in each steps and each step by step and make some good…

A: 1. BasisThe basis of property is generally its cost, which includes the amount paid for the property…

Q: The common stock of NBC, Inc. has a normal P/E ratio of 16x. The company's ROA is expected to be 9%…

A: Question: 1Explanation of P/E Ratio:The Price-to-Earnings (P/E) ratio is a valuation metric that…

Q: Please do not use ai

A: The question asks you to calculate the "days' sales in receivables," which tells us how many days it…

Q: None

A: Step 1: Requirement A Calculation of direct material Direct Materials = Total production * Raw…

Q: Give true answer

A: Step 1: Introduction to accounting equationAccounting equation refers to that equation which…

Q: Provide Solu

A: Calculate the average accounts receivable:Beginning accounts receivable = $80,000Ending accounts…

Q: Provide answer the question

A: Final Answers: Price per Share under Plan I: $2.14Price per Share under Plan II: $2.94

Q: None

A: Sales revenue 350,000.00 Sales return (50,000.00)Sales discount (20,000.00)Net sales…

Q: 4 Accounts Payable 5 Accounts Receivable 6 Aircraft Fuel Expense $4,650 580 8,700 7 Cash 8 Common…

A: Step 1:Income statement is the part of final account prepared at the end of accounting period to…

Q: None

A: Step 1: Introduction to the Gross MarginThe gross margin indicates the financial performance of any…

Q: must needed answerd

A: Computation of the actual profit by using the following method:Computation of Actual ProfitStandard…

Q: not use ai please

A: 1. Accounting equation for each transaction occurred during May: Explanation for each transaction:

Q: Ap 4 please help......

A: Explanation of Payback Period: The payback period is the amount of time it takes for an investment…

Q: Provide help with this question

A: 5. Calculate the Earnings Per Share (EPS): EPS=Net Income/Number of Outstanding Shares The number of…

Q: 1. Daniel Rockland arrived at the following tax information: Gross salary, $52,740 Dividend income,…

A: Federal Taxable Income…

Question

Provide answer

Riggins Trucking, Inc. has a current stock price of $41. For the past year, the company had a net
income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of
stock outstanding. What is the price-sales ratio? What do market ratios measure? Want detailed
answer

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
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.)
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
Riggins Trucking, Inc. has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding. What is the price-sales ratio? What do market ratios measure? Want detailed answer
Ans
What is the price sales ratio?
Market Value Ratios Wilsons, Inc., has a current stock price of $64. For the past year, the company had net income of $9.1 million, total equity of $24.7 million, sales of $49.6 million in 4.9 million shares of stock outstanding. What are earnings per share (ESP)? Price earnings ratio? Price sales ratio? Book value per share? Market to book ratio?
What is firm's price earnings ratio?
Pfizer, Inc. (PFE) has earnings per share of $2.09 and a P/E ratio of 11.02. What is the stock price?
The following information is available for Jase Company: Market price per share of common stock $25.00 Earnings per share on common stock 1.25 Which of the following statements is correct? a. The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year. b. The market price per share and the earnings per share are not statistically related to each other. c. The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. d. The price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year.
Financial Accounting