Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5

Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...

See similar textbooks

Related questions

Q: PARNELL COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands)…

A: Cash Flows from Operating Activities using Indirect Method:Parnell Company Cash Flows from Operating…

Q: Opiu

A: To determine the value of the inventory on October 15 using the FIFO (First-In, First-Out) periodic…

Q: Memorial Services, Incorporated (MSI) has three service departments (IT, Accounting, and HR) and two…

A: To solve this question, we need to allocate the service department costs (IT, Accounting, and HR) to…

Q: Provide solution this question

A: The variable manufacturing overhead cost per unit is given by: ( Manufacturing overhead cost for the…

Q: asnw

Q: The West Division of Cecchetti Corporation had average operating assets of $643,000 and net…

A: Given:Average operating assets = $643,000Net operating income = $100,000Minimum required rate of…

Q: Need answer this question

A: Step 1:To find the fair value of an investment that pays a growing annual payment, we can use the…

Q: eBook Show Me How Print Item Cost Flow Relationships The following information is available for the…

A: Let's go through the information to solve the missing amounts: Given:- Sales: $419,510- Gross…

Q: I want to answer

A: Let's break down the calculations step by step. Part (a): Calculating Net Profit Margin, Equity…

Q: Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the…

A: Approach to solving the question: Detailed explanation: To calculate the unit variable cost using…

Q: Provide correct solution don't use ai

A: To compute the lower-of-cost-or-net realizable value for the inventory of Bramble Corp we will…

Q: The Venus Company hired an architect to design plans and a construction firm to build a new office…

A: Step 1: List the relevant costsPrice paid to the construction firm: This is the main cost for…

Q: None

A: Step 1: Calculate Total Gross IncomeAdd all sources of income together:David's W2 income:…

Q: I recently utilized the Walkscore Tool to assess Jackson, Michigan, a city with a population of…

A: Assessing Pedestrian and Bike Accessibility in Jackson, MichiganJackson, Michigan, with a population…

Q: stuck need on solving

A: You can calculate these based on the cost per unit as described above and the number of units that…

Q: Consider the following project: Year (n) 0 1 2 3 4 Undiscounted cash flow…

A: Discounted Cash Flow (DCF) is a crucial financial metric used to assess the value of an investment…

Q: Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2023, she sells the…

A: Here's a detailed explanation of how each step was calculated to determine Lily Tucker's taxable…

Q: * The following financial information is from Shovels Construction Company. Accounts payable…

A: To determine the amount of current assets for Shovels Construction Company, we'll include the assets…

Q: Give me answer I want correct answer

A: 1. Calculate Total Assets for 2016: - Total Current Assets (2016): 164000 - Property, Plant, and…

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

A: Key Takeaways:- Transfer pricing is a critical aspect of managing inter-divisional transactions,…

Q: None

A: Detailed explanation: Bond amortization is the process of allocating the difference between the…

Q: Barlow Company manufactures three products-A, B, and C. The selling price, variable costs, and…

A: 1. Computation of the contribution margin per pound of the constrained resource: First, compute the…

Q: None

A: Treasury stocks are stocks that were previously issued by the company and are now being repurchased…

Q: Sebastian Incorporated had the following balances at the beginning of November. SEBASTIAN…

A: Step 2: Post Each Transaction to the Appropriate T-Accounts CashDateDescriptionDebitCreditBalanceNov…

Q: not use ai please

A: The question is asking about the primary purpose of the income statement, which is one of the key…

Q: Provide solution

A: Direct materials used (215,000 - 10,000 indirect) 205,000.00 Direct labor (159,000 - 20,000…

Q: Need help please

A: Step 1: Since an asset is sold, this amounts to increase in cash flow. All decrease or increase in…

Q: Need help

A: To determine the ending inventory at the lower of cost or market (LCM) for Charapata Company, we…

Q: Sell or Process Further Great Lakes Boat Company manufactures sailboat hulls at a cost of $4,200 per…

A: Sales value AFTER further proc.$ 6,900Less: Sales value At Split-off point(4,800)Additional…

Q: Suppose that you invested in a twenty-year zero coupon bond with a face value of $1000. The bond…

A: Step 1:5. Determine the gain or loss:Capital loss = Original cost - Current market priceCapital loss…

Q: None

A: Step 1: Calculate the Return on Total Assets (ROTA) for Year 1.ROTA is calculated using the…

Q: Give True answer

A: Step 1: Introduction to the Capital GainA capital asset is sold, its value increases, and it is…

Q: 65

A: Understanding Chargeable Disposals:A chargeable disposal for capital gains tax (CGT) purposes…

Q: Data from adoption studies on handedness indicate that the effects of shared biological heritage are…

A: Given: Biological OffspringParental Handedness (father x mother)Right-HandedLeft-HandedRight x…

Q: Hepl me give solution

A: Given Data 1. Initial Purchase:Date: October 3, 2017Shares Purchased: 1,000 sharesTotal Cost:…

Q: Do not use Ai

A: Detailed explanation:a. Sales price per unit(total cost + budgeted income) / 40000 units= (2,400,000…

Q: Give correct answer no use ai

Q: Requirement a. Determine Gwen's income tax each year from 2023 through 2027, assuming her only…

A: Lets give it a try.Hopefully, it's helpful. To show the calculations for determining Gwen's income…

Q: Smart Ltd., a Canadian private corporation, owns 30% of the voting shares of Arch Ltd. In the…

A: Step 1Identify the dividends received by Smart Ltd. and categorize them: Eligible dividend from Arch…

Q: None

A: Let's break down the problem step by step.Given Information:- **Sale Price**: $40,200- **Probability…

Q: Need answer

A: Step 1: Introduction to the Return on AssetReturn on asset is a profitability ratio that is…

Q: Waterway Company uses a standard cost accounting system. During January, the company reported the…

A: Note: Since the total variance of 2,700 is unfavorable, it should be deducted from the gross profit…

Q: Don't use ai and give answer

A: Present Value of Growing PerpetuityFair value is the estimated worth of an asset or investment based…

Q: Hello tutor Please help

A: Use the Gordon Growth Model (also known as the Dividend Discount Model for a growing dividend),…

Q: Francum Company has the following data: direct labor $232,000, direct materials used $182,000, total…

A: Detailed explanation:Direct Labor$ 232,000Direct Materials Used 182,000Total Manufacturing…

Q: Please show all accurate calculations for requirements a. and b. You have obtained the following…

A: Step 1: Calculate the Expected Value for Each Payroll AccountExecutive Salaries:Expected Value =…

Q: Write a one-page memo, in good form, to your accounting department detailing the fundamental…

A: Dear Accounting Department,I am writing to provide some clarity on the fundamental requirements and…

Q: Which column (i) and row (n) would you use from a present value or future value table for 12%…

A: Step 1:To determine the correct column (i) and row (n) from a present value or future value table,…

Q: Clementi Pte Ltd (Clementi), whose functional currency is Singapore Dollar (S$), operates a S$ bank…

A: First, we need to understand the transactions that Clementi Pte Ltd has entered into. The company…

Q: 16

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

Question

Hi expart give correct answer

Today the company announces net income
equals $12 million. They have 30 million shares
outstanding, and today's share price is $68.21.
Find the company's price-to-earnings ratio.
a. 0.27
b. 170.5
c. 156.2
d. 0.19
e. 46.5

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

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.)
Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
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. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston’s market/book ratio?
Please give true answer
Need help please
Need answer the question
Need help
Need answer please
Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of $8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding. a. What are earnings per share (EPS)? b. What is the Price-earnings ratio? c. What is the Price sales ratio? d. What is Book value per share?
Need answer the general Accounting question