The following information have been taken from the Oman Company: Interest revenue 60 Beginning Inventory 1000 Common stock, $5 par 100 Sales 2,000 purchased inventory 1000 Fee revenue 40 Income taxes 30% Total stockholders' equity 800 market price of the company's stock 35 Interest expense 50 230 sales discounts Ending Inventory Preferred stock, $2 par 30 150 Freight out 100 What is the Price-earnings ratio? Select one: O 4.87 O None of the answers is correct 4 O 6.66 O 11.24 O 5.2

The following information have been taken from the Oman Company: Interest revenue 60 Beginning Inventory 1000 Common stock, $5 par 100 Sales 2,000 purchased inventory 1000 Fee revenue 40 Income taxes 30% Total stockholders' equity 800 market price of the company's stock 35 Interest expense 50 230 sales discounts Ending Inventory Preferred stock, $2 par 30 150 Freight out 100 What is the Price-earnings ratio? Select one: O 4.87 O None of the answers is correct 4 O 6.66 O 11.24 O 5.2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Falcon Corporation originally has current assets of $400 and current liabilities of $275. It purchases $108 of inventory with short-term accounts payable. What is its new current ratio? (Round to two decimal places.) O 1.45 None of these is correct. O 1.69 O 1.33
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