South-western Federal Taxation 2020: Comprehensive (with Intuit Proconnect Tax Online & Ria Checkpoint, 1 Term (6 Months) Printed Access Card)
43rd Edition
ISBN: 9780357109144
Author: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Publisher: Cengage Learning
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Cold Goose Metal Works Inc. just reported earnings after tax (also called net
income) of $9,750,000, and a current stock price of $34.00 per share. The
company is forecasting an increase of 25% for its after-tax income next year,
but it also expects it will have to issue 2,900,000 new shares of stock (raising
its shares outstanding from 5,500,000 to 8,400,000).
a. If Cold Goose's forecast turns out to be correct and its price-to-earnings
(P/E) ratio does not change, what does the company's management expect its
stock price to be one year from now (Round any P/E ratio calculation to four
decimal places).
A. $27.85 per share
B. $34.00 per share
C. $20.89 per share
D. $34.81 per share
b. One year later, Cold Goose's shares are trading at $48.36 per share, and the
company reports the value of its total common equity as $46,788,000.
Given this information, Cold Goose's market-to-book (M/B) ratio is
Compute the amount of product cost
The total job cost for job is?
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