Wildcat Industries Inc. recently disclosed the following financial information: Earnings = $1,450,000 Assets $8,200,000 Liabilities $1,500,000 Shares Outstanding = 400,000 Market Price per Share = $30.00 Calculate the price-earnings (P/E) ratio if liabilities increase to $2,800,000.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
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Provide correct calculation for the price earnings ratio on these financial accounting question

Wildcat Industries Inc. recently disclosed the following financial
information:
Earnings = $1,450,000
Assets $8,200,000
Liabilities $1,500,000
Shares Outstanding = 400,000
Market Price per Share = $30.00
Calculate the price-earnings (P/E) ratio if liabilities increase to
$2,800,000.
Transcribed Image Text:Wildcat Industries Inc. recently disclosed the following financial information: Earnings = $1,450,000 Assets $8,200,000 Liabilities $1,500,000 Shares Outstanding = 400,000 Market Price per Share = $30.00 Calculate the price-earnings (P/E) ratio if liabilities increase to $2,800,000.
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