Vista Electronics announces that its net income for the year equals $25 million. The company has 50 million shares outstanding, and today's share price is $82.15. Calculate the company's price-to-earnings (P/E) ratio. a. 2.25 b. 164.3 c. 100.7 d. 82.15 e. 32.86

Vista Electronics announces that its net income for the year equals $25 million. The company has 50 million shares outstanding, and today's share price is $82.15. Calculate the company's price-to-earnings (P/E) ratio. a. 2.25 b. 164.3 c. 100.7 d. 82.15 e. 32.86

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: What was the variable cost per dog associated with zarena's water bill?

A: Step 1: Identify the high and low data points- **High point:** May - $3,800 for 400 dogs - **Low…

Q: Not use ai solution please given answer general Accounting

A: Step 1: Define Net Present ValueA project's net present value is a potential value that a project…

Q: Concord Company uses the LCNRV method, on an individual item basis, in pricing its inventory items.…

A: To determine the proper unit value for each inventory item using the Lower of Cost or Net Realizable…

Q: Need Solution step by step to this accounting question

A: Explanation of Overhead Application Rate: The overhead application rate of 172% represents the…

Q: The rate of return on assets for 2012 was ? General accounting

A: To calculate the rate of return on assets (ROA) for 2012, we use the following formula: ROA = (Net…

Q: Give true answer this financial accounting question

A: To calculate the Holding Period Return (HPR) and Holding Period Yield (HPY) on your investment, we…

Q: CORRECT ANSWER✅

A: Concept of Allowance Method: The allowance method is an accounting approach used to estimate and…

Q: Questions = General Account

A: Step 1: Key InformationThe provided data includes:Quantity: Number of units for each item.Cost per…

Q: Please given correct answer general Accounting

A: Step 1: Define Days Inventory OutstandingThe days' inventory outstanding is a financial ratio used…

Q: Neptune manufacturing planned and produced solution general accounting question

A: 1. Determine Unit Product Cost Using Absorption Costing Absorption costing includes both variable…

Q: Calculate this company's gross profit ?

A: To calculate the gross profit, we use the following formula: Gross Profit = Net Sales - Cost of…

Q: Get correct answer accounting questions

A: Step 1: Define Shareholders' EquityShareholders' equity is the owner's fund, which is invested by…

Q: ABC Technologies is a division of a Global Corporation... Please answer the general accounting…

A: Turnover is a financial metric that measures how efficiently a company or division utilizes its…

Q: Answer? ? Financial accounting

A: Step 1: Define Current RatioThe current ratio indicates the short-term financial capability of a…

Q: General Account Questions Answer nned

A: The correct answer is:b. The contribution margin is the amount that is available to cover fixed…

Q: Subject:- General Account

A: To compute the equivalent units of production (EUP) for October using the weighted-average method,…

Q: How should a consignee record goods hold on consignment? A. The goods should be included in the…

A: Understanding ConsignmentDefinition:Consignment is an arrangement where the consignor (the owner of…

Q: None

Q: I want to correct answer general accounting

A: Explanation: Following data is given in the question:Cash = $4,500; Other assets = $3,700;…

Q: General Account post

A: To calculate the inventory turnover ratio and average days to sell inventory for Sheldon Inc., we…

Q: I want to correct answer general accounting

A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…

Q: I won't to this question answer general Accounting

A: This problem involves calculating the current ratio and the acid-test ratio, which are two important…

Q: Marshall manufacturing applies solve this accounting questions

A: To calculate the variable overhead efficiency variance, we use the following formula: Variable…

Q: I need answer of this question solution general accounting

A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA): It measures how efficiently a…

Q: Need Answer in this account questions.

A: Step 1: Calculate Net Realizable Value (NRV) for Each ItemThe NRV is calculated as:…

Q: On December 1, 2022, Oriole's Company Accounts Receivable balance was $19,720. During December,…

A: To calculate the Accounts Receivable balance on December 31, 2022, you can use the following…

Q: I need this question answer general Accounting

A: Step 1: Define Financing activityFinancing activity refers to the activities related to debt, equity…

Q: Total Production Costs?

A: Explanation of Fixed Costs:Fixed costs are expenses that remain constant regardless of the…

Q: Kindly help me with general accounting question

A: To calculate the amount of cash received, follow these steps: Initial Sale: Blue Bird Company sells…

Q: Sold as planned?

A: Step 1: Determine Total Sales Revenue• Total Sales Revenue = Number of Units Sold × Selling Price…

Q: Quirky Inc. is a Subchapter S corporation. It properly reported a net income of $100,000 for…

A: For a Subchapter S corporation, the taxable income reported to shareholders on Schedule K-1 is…

Q: General accounting

A: To calculate the gross profit percentage, we first need to determine the gross profit and then…

Q: The standard materials cost to produce solve this accounting questions

A: Step 1: Definition of Total Direct Materials Cost VarianceTotal direct materials cost variance…

Q: If Rohan Inc., has an equity multiplier of 1.76, total asset turnover of 1.78, and a profit margin…

A: Substitute the values into the formula:ROE = 1.76 × 1.78 × 0.095 = 0.2976 or 29.76%Perform the…

Q: Calculate the equity premium

A: Step 1: Given Value for Calculation Stock Market Return = smr = 12.5%T-bill rate = tbr = 4.1% Step…

Q: Not use chart gpt solution please provide answer general Accounting

A: The Total Holding Period Percentage Return (THPR) is calculated using the formula: THPR = ((Ending…

Q: None

A: Step 1: Define Adjustments to Gross IncomeAn individual's adjusted gross income or, AGI is…

Q: Can you provide solutions??

A: Step 1: Identify units completed and transferred outStep 2: Calculate equivalent units for ending…

Q: I won't to this question answer general Accounting

A: Step 1: Define Average Collection PeriodA low collection period is favorable to the company as it…

Q: Accounting question

A: To calculate the product cost per unit under absorption costing, we include all manufacturing costs,…

Q: A company produces a single product. Variable production costs are $13.50 per unit and variable…

A: To calculate the dollar value of the ending inventory under variable costing: Variable Production…

Q: Accounting question

A: Key FormulaThe Gross Profit Percentage is calculated as: Gross Profit Percentage=Net…

Q: Select correct answer for this Question☑

A: The image you sent contains a multiple-choice accounting question. The question asks about the…

Q: Not use ai solution given correct answer general accounting question

A: Step 1: Define Profit MarginProfit margin is a financial ratio that can be calculated for gross…

Q: General Account Subjects Questions

A: Step 1: Calculate the total variable costs (materials + hourly labor)Step 2: Compute the variable…

Q: If you wish to accumulate.... Please answer the financial accounting question

A: Step 1: Write the present value formulaStep 2: Substitute the given values into the formulaStep 3:…

Q: get general account solutions

A: To determine the total production costs for 20,000 packages, we need to split the total costs into…

Q: Provide step by step answer

A: Step 1: Recall the Predetermined Overhead Rate formula.= estimated manufacturing overhead cost /…

Q: General Accounting

A: As per CAPM, Cost of Equity Capital = Risk-free rate + Beta*Market Risk Premium Cost of Equity…

Q: Please answer

A: Explanation of Direct Materials:Direct materials refer to the raw materials that are directly used…

Question

Calculate the company's price to earnings ratio for this accounting question

Vista Electronics announces that its net income for the year
equals $25 million. The company has 50 million shares
outstanding, and today's share price is $82.15. Calculate the
company's price-to-earnings (P/E) ratio.
a. 2.25
b. 164.3
c. 100.7
d. 82.15
e. 32.86

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

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.
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?
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?
Please give true answer
At year end, Sampson Company's balance sheet showed total assets of $80 million, total liabilities of $50 million, and 1,000,000 shares of common stock outstanding. Next year, Malta is projecting that it will have net income of $2.9 million. If the average P/E multiple in Malta's industry is 16, (and this is an average stock) what should be the price of Sampson's stock? O $50.43 O $46.40 O $44.57 O $41.60
A company has net income of $500000, 150000 shares of common stock outstanding, and stock price is currently trading at $41.00 per share. What is the price-earning ratio? Round to two places past the decimal point. Your Answer: Answer
If the common stock of Comdisco pays an annual dividend of $0.28, has a PE ratio of 11, and closed at 25, what are the current earnings per share? a. $7.00 b. $2.27 c. $3.08 d. $1.12
Please provide solution. Thanks A company has 100,000 outstanding common shares with a market value of P20 per share. Dividends of P2 per share were paid in the current year, and the company has a dividend-payout ratio of 40%. The price-to-earnings (P-E) ratio of the company isa.2.5b.4c.10d.50
The following information is available for Jase Company: Line Item Description Amount Market price per share of common stock $25.00 Earnings per share on common stock $1.25 Which of the following statements is true? a.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. b.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. c.The market price per share and the earnings per share are not statistically related to each other. 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
TargetCo has earnings per share of $5.50, 4 million shares, and a price per share of $55. If companies in the same industry as TargetCo are trading at multiples of 15 times earnings, what would be one estimate of an appropriate premium for TargetCo? One estimate of an appropriate premium for TargetCo is %. (Enter as a percentage rounded to one decimal place.) O
Quick answer of this accounting questions