Theta Ltd had Cash Flow from Operations for the last financial year of $781,000.  During the year it paid $104,000 in interest.  Its tax rate is 30%.  Its share price is $22.35 and it has 160,000 shares outstanding.  What is its P/CF ratio?

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
icon
Related questions
Question

q8- 

Theta Ltd had Cash Flow from Operations for the last financial year of $781,000.  During the year it paid $104,000 in interest.  Its tax rate is 30%.  Its share price is $22.35 and it has 160,000 shares outstanding.  What is its P/CF ratio?

a.
4.04
b.
4.19
c.
4.58
d.
5.05
Clear my choice
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Stock repurchase
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT