Kroger, a grocery store chain, recently had a price-earnings ratio of 7.6, while the average price-earnings ratio
Question:
Kroger, a grocery store chain, recently had a price-earnings ratio of 7.6, while the average price-earnings ratio in the grocery store industry was 18.6. What might explain this difference?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
The total comes to 45255 Divide this by seven and you get 6465the average current PE ra...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
A grocery store chain has decided to help customers save money by instituting temporary repricing to help cut costs. Nine products from the sale flyer are featured below with their regular price and...
-
A grocery store chain is trying to decide how much shelf space to devote to organic produce. If they don't stock enough, their more upscale customers will shop at the competing grocery store. If they...
-
During a certain year, a grocery store chain had total sales of $100 million and profits of $10 million. The profits thus amounted to a modest 10 percent for that year. Criticize the above arguments...
-
. The following is given: EBIT = $50 000, Q=60 000, P =$6, V = $4. a) If sales should increase by 10%, by what percent would EBIT increase? b) If sales should increase by 10%, for what interest...
-
Indicate whether each of the following accounts normally has a debit balance or a credit balance: a. Sales Revenue b. Rent Expense c. Prepaid Rent d. Bank Loan e. Investment in Shares of X Company f....
-
The number of degrees of freedom of a vibrating system depends on a. number of masses b. number of masses and degrees of freedom of each mass c. number of coordinates used to describe the position of...
-
The comparative financial statements of Perfection Taco Restaurants for 2010, 2009, and 2008 include the following selected data: 2010 (In Thousands) 2009 2008 Balance Sheet Current Assets: Cash...
-
The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&Gs...
-
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Income Statement For Three Months Ended...
-
Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine? a. The price of comparable French wines decreases....
-
A company reports the following: Sales ..................................................$6,862,000 Average accounts receivable (net)......365,000 Determine (a) The accounts receivable turnover (b)...
-
A company reports the following: Sales .........................................................................$1,460,000 Average accounts receivable (net)........................... 100,000...
-
Suppose a bowler takes a random sample of 15 games she has bowled and finds the sample mean to be 172. She knows that the standard deviation of her score is 8. Construct a 99 % confidence interval...
-
Consider an orthopedist's office all arriving patients first check in at a reception area where they fill out the necessary paperwork. On average, it takes 10 minutes to complete check-in and there...
-
The space age bicycle rim in Figure 4.88 can be modeled as a thin disk with four circular cutouts, which are of identi- cal size. The density of the disk material is kg/m2 . In Figure 4.88, the rim...
-
The Company produces organic butter for sale. No direct materials other than milk are used. Production data for April 2 0 1 5 are shown below: April Beginning Work in Process Inventory: Units (...
-
Determine the size of the T beam with the specifications shown below with the smallest possible section that can carry the bending moment in the simply supported beam. The maximum allowable stress is...
-
Critically assess how Toyota embeds approaches to quality management and organizational sustainability to create business excellence in the industry. Use the European Foundation for Quality...
-
Denzel Corporation, a new corporation, took over the assets and liabilities of Delta Art on January 2, 2016. The assets and liabilities, after appropriate revaluation by Denzel, are as follows: Cash...
-
The domain of the variable in the expression x 3/x + 4 is________.
-
Using the bond from Practice Exercise 14-5A, journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Data from Exercise 14-5A, On the...
-
On the first day of the fiscal year, a company issues a $8,600,000, 11%, five-year bond that pays semiannual interest of $473,000 ($8,600,000 11% ), receiving cash of $8,932,035. Journalize the...
-
Rushton Corp., a wholesaler of music equipment, issued $11,000,000 of 20-year, 9% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal...
-
How does the manipulation of narrative perspective, as seen in the works of authors like William Faulkner or Toni Morrison, influence the reader's understanding of time, memory, and subjective truth...
-
The new GE Halidade-X wind turbine can produce up to 17420 horsepower [hp] of output power. The turbine is 853 feet [ft] tall and has a diameter of 722 feet [ft]. The average home uses 655.2...
-
Which exercise is easier to do, a straight-arm pullover with a 45 lb barbell or a bent- arm pullover with a 45 lb barbell? Why? (3 points)
Study smarter with the SolutionInn App