Wildcat Corporation recently disclosed the following financial information: Earnings $1,188,770 Assets $6,900,000 Liabilities $1,184,277 Shares outstanding 345,863 Market price $27.00 per share Calculate the price-earnings ratio if liabilities increase to $2,687.

Wildcat Corporation recently disclosed the following financial information: Earnings $1,188,770 Assets $6,900,000 Liabilities $1,184,277 Shares outstanding 345,863 Market price $27.00 per share Calculate the price-earnings ratio if liabilities increase to $2,687.

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...

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Question

Calculate the price earning ratio

Wildcat Corporation recently disclosed the following financial
information:
Earnings $1,188,770
Assets $6,900,000
Liabilities $1,184,277
Shares outstanding 345,863
Market price $27.00 per share
Calculate the price-earnings ratio if liabilities increase to $2,687.

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