i want to this question answer of this general accounting Westfield Industries has reported a net income of $1,250,000 for theyear. The company's current share price is $28.45, and the company has250,000 shares outstanding. Compute the firm's price-earnings ratio upto two decimal places.

Step 1: Define Price/Earnings (P/E) RatioThe Price/Earnings (P/E) ratio is a financial metric that…

Answered: Westfield Industries has reported a net…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

See similar textbooks

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.)
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 market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Reagan Corp. has reported a net income of $801,000 for the year. The company's price is $13.08, and the company has 322,950 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.
Please help
Compute the firm's price earnings ratio on these financial accounting question?
What is firm's price earnings ratio?
Reagan Corp. has reported a net income of $847,700 for the year. The company's share price is $13.19 and has 319,740 outstanding shares. Compute the firm's price-earnings ratio.
General Accounting
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?
Financial Accounting
Financial accounting
Need answer please

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

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

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Westfield Industries has reported a net income of $1,250,000 for the year. The company's current share price is $28.45, and the company has 250,000 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.