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

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...

See similar textbooks

Related questions

Q: Give me correct solution don't use ai

A: Step 1: Introduction to the Financial RatiosA financial ratio is made using past financial…

Q: Do not use chatgpt

A: Detailed explanation:a. gross income :Wages $ 70,000Income from investments 10,000Gifts…

Q: 23

A: Demand-side economics emphasizes the importance of consumer spending and aggregate demand as the…

Q: Part 2 (Algo) February 24, 2023, is the end of the final pay period for the month and is a full…

A: Step 1: Step 2: Step 3: Step 4:

Q: Need answer with this question

A: Given Data:Market Price per Share: $39.20Earnings per Share (EPS): $210Formula for P/E Ratio:The…

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the…

A: 1. Calculate the straight-line depreciation rate:The straight-line rate is 1/ Useful lifeThe useful…

Q: None

A: Step 1: Introduction to the Absorption CostingUnder absorption costing, the fixed manufacturing…

Q: Abbot Corporation reported a net operating loss of $400,000 in 20X3, which the corporation elected…

A: To calculate the current earnings and profits (E&P) for Abbot Corporation in 20X3, we need to…

Q: Prepare journal entries to record each of the following transactions of a merchandising company. The…

A: Given the information above,Required:Journal entriesSolution:The perpetual inventory method is…

Q: Solve this one

A: Linear technologys operating cycle is 107.68days, calculated by summing the Days inventory…

Q: Give me correct answer

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: Use the information in the table below to answer the following questions. Windswept Woodworks,…

A: The formula for Return on Equity (ROE) is:ROE = Net Profit / EquityGiven that the net profit is…

Q: Can you answer this question?

A: To determine the gain or loss realized by Jenkins Corporation, you subtract the adjusted basis of…

Q: Payments are made to an account at a continuous rate of 100e0.5t from time t = 1 to time t = 3. The…

A: To calculate the value of the account at time t = 4 without using Python, we'll perform the…

Q: In our reading this week, we covered the topic of Activity Based Costing. Over the decades,…

A: Activity-Based Costing (ABC) is a costing method that identifies activities in an organization and…

Q: not use ai please

A: Answer image:

Q: Rouse Manufacturing produces self-watering planters for use in upscale retail establishments. Sales…

A: Approach to solving the question: 1.)1. Unit Sales = given in the problem2. Desired Ending Inventory…

Q: None

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

Q: Avatar Company Income Statement Year Ended December 31, 2024 Sales Revenue $291,300 Interest Revenue…

A: OverviewThe Statement of Cash Flows shows how cash flows in and out of a business during a specific…

Q: Shadee Corporation expects to sell 610 sun shades in May and 340 in June. Each shade sells for $140.…

A: Shadee Corporation expects to sell 610 sun shades in May and 340 in June. Each shade sells for $140.…

Q: Current Attempt in Progress Which of the following disclosures is not required for a change from…

A: why other answers are not correct : When changing from LIFO to FIFO, companies typically need to…

Q: The following is Snow Corporation's contribution format income statement for last month: Sales…

A: PART 1 1. Contribution Margin Ratio The contribution margin ratio is calculated as: Contribution…

Q: t of You are given the following information for Sibas Nail Bar: Equipment.... Manicure tables and…

A: In accounting, assets are resources owned by a business which can be used to generate future…

Q: What is a good response to Hi everyone, Hedge funds are considered a limited partnership and is made…

A: Your clear approach helps to make these difficult ideas more accessible. Once again, I appreciate…

Q: None

A: Script Summary - She has invested in further than 120 rental homes that have unrealized earnings of…

Q: 1.County Street Ltd acquired 60% of the shares of Trilogy Ltd in 2021 for R896 000 when Trilogy Ltd…

A: Let's break down the pro-forma consolidation journal entries for County Street Ltd Group for the…

Q: Give me answer I want correct answer

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

Q: A1 Clipboard A B Font Alignment Xfx Formula: Divide, Subtract; Cell Referencing C 1 Formula: Divide,…

A: To complete the task, we will need to calculate the required financial ratios using the provided…

Q: None

A: Definition of Finished Goods:Finished goods can be defined as the products available with the…

Q: Interview with an industry professional: Use of Cashflow statements In this task, you will…

A: The interview highlighted the critical role of cash flow management in business success. Maintaining…

Q: I want correct solution

A: Step 1: Definition of Net ProfitNet profit or net income is the ultimate profit generated by a…

Q: Hi expart Provide solution

A: Step 1: Introduction to the Return on EquityThe profitability of a company in relation to the…

Q: not use ai please

A: Importance of Workforce Engagement in Operations Management Workforce engagement is vital in…

Q: None

A: Detailed explanation:• Contrary to stock, the suggestion of advising clients to transfer real estate…

Q: Solve this problem

A: If you have any help please let me know in comment box and then I will help you.

Q: State one advantage and one disadvantage of Sumit and Theo being in a partnership

A: Advantages of Partnership: Resource Pooling and ExpertiseOne of the primary advantages of Sumit and…

Q: Cornick, Inc. sells office products to businesses in the eastern region of the United States. Each…

A: Creating a Table of Entities and Activities involves identifying the key entities (people,…

Q: None

A: cash conversion cycle (CCC) for Bayer Company, calculated as days inventory outstanding (72days)…

Q: Help Save & Exit…

A: Given the above information,Required:Prepare the January 15 journal entry for the partnership to…

Q: None

A: This scenario involves several key tax principles related to contributions and distributions…

Q: At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sales…

A: In this narrative, the entities are the people, places, or things that are involved in the process.…

Q: None

A: Step 1: Introduction to the Absorption CostingAbsorption costing is also known as full costing which…

Q: 16 Which costs will change with a decrease in activity within the relevant range? Select one: a.…

A: The correct answer is a. Unit fixed cost and total variable costs.Explanation:Understanding how…

Q: Can you please check my work bc it keeps showing that I'm m

A: Step 1: Understanding the Payback PeriodThe payback period is the time it takes for a project to…

Q: need lcorrect answers

A: Explanation: Direct Labor Budget - The direct labor budget has direct labor hours and direct labor…

Q: Crane Decor sells home decor items through three distribution channels-retail stores, the Internet,…

A: Step 1: Calculate the Net Operating Income (NOI)Net Operating Income is calculated as…

Q: Diane Buswell is preparing the 2022 budget for one of Current Designs' rotomolded kayaks. Extensive…

A: Step 1: Determine Ending Inventory RequirementsEnding inventory is set at 25% of the next quarter's…

Q: On December 31, 2023, Berclair Incorporated had 300 million shares of common stock and 3 million…

A: Berclair's basic EPS is calculated by dividing net income available to common…

Q: Give correct answer

A: The process of providing the required amount of the ending inventory at the lower of cost or market…

Question

Need solution

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
Calculate The Market Price with General Accounting method
Need answer the general Accounting question