Question: Can some please show me how to get the below answer? a company has a market value per share of $73.00. Its net income is

Can some please show me how to get the below answer?

a company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted average number of shares outstanding is 350,000. The company's price-earnings ration equals:

A. 20.9

B. 4.2

C. 14.6

D. 20.0

E. 6.8

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Answer the following questions after reviewing the annual report From the Management Report and Audit Report: a) What information does the Management Report (Not MD&A) convey? b) Which audit company...

using an excel spreadsheet that contains comparative financial statements Rodriguez Recreational Gear determine the following measures for 2018, rounding to one decimal places except for per-share...

B C D 1 w N $ 810,000 460,000 350,000 B Merry Time Lighting 2 Income Statement 3 For the Year Ended December 31, 2021 4 Net Sales Revenue 5 Cost of Goods Sold 6 Gross Profit 7 Operating Expenses: 8...

Question 4-2 Mini-Case Valuing Conoco Phillips Acquisition of Burlington Resources Suppose that you were working as an equity analyst in 2005 and were assigned the task of valuing the proposed...

I need new and unique answers, please. (Use your own words, don't copy and paste) , Please Use your keyboard (Don't use handwriting) Thank you.. ***Just choose the correct answer without explain 21-...

1. A company has net income of $5,000,000. It has 2,600,000 weighted-average common shares outstanding and a price-earnings ratio of 19.15. What is the market value per share of this company's stock?...

1. A company issued 60 shares of $100 par value stock for $7,000 cash. The total amount of contributed capital is: ---Please help answer this and show work for both questions if you do not mind!...

Please refer to the attachment: The balance sheet at December 31, 2016 should show the balance of the Financial assets held for trading at The unrealized gain from the financial assets held for...

What is the payback period for the following set of cash flows? Year Cash Flow 0 ....................... -$3,400 1 ....................... 1,200 2 ...................... 1,500 3...

Light of wavelength 590nm passes through two narrow slits 0.60mm apart, the screen is 1.70m away. A second source of unknown wavelength produces its second-order fringe 1.33mm closer to the central...

Suppose you own 2 0 , 0 0 0 shares of common stock in a firm with 4 million total shares outstanding. The firm announces a plan to sell an additional 1 . 2 million shares through a rights offering....

Eastern Region Vice President Goodall works with her team of sales managers to develop a plan, which defines the strategies, goals, and structure associated with achieving the company's objectives in...

Define self-esteem and discuss its impact on your life.

Discuss how selfesteem is developed.

Identify the characteristics of people with low and high selfesteem.