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.
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.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30980833-43d9-4e14-8d41-c51925929e38%2F448eacb3-6990-4c1b-81e9-ec814ae53701%2Fkoxzeq_processed.jpeg&w=3840&q=75)
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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