Question: i need clarification for the answer please 56. Hingoli Helium Company has a current stock price of Rs.65. For the past year, the company had

i need clarification for the answer please

56. Hingoli Helium Company has a current stock price of Rs.65. For the past year, the company had net profit of Rs. 7.4 million, shareholder funds of Rs. 32450000 , and 3.6 million shares of stock outstanding. What is the price-earnings multiple? a. 21.55 b. 31.55 c. 11.55 d. 41.55

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 Finance Questions!

10-30 Ashcroft Airlines flies a six-passenger commuter fight once a day to Gainesville, Florida. A nonrefundable one-way fare with a reservation costs $129. The daily demand for this flight is given...

i need clarification for the answer please , 71. Bhandara Borax Company has a current stock price of Rs.65. For the past year, the company had net profit of Rs. 7.4 million, shareholder funds of Rs....

I need clarification for the answer please, 76. Sangli Steel has a current stock price of Rs.65. For the past year, the company had net profit of Rs. 7.4 million, shareholder funds of Rs. 32.45...

answer all Makeover Inc. believes that at its current stock price of $16.00 the firm is undervalued in the market. Makeover plans to repurchase 2.4 million of its 20 million shares outstanding. The...

Hi Can you assist with the attached assignment? Thanks Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) > Financials > Key Stats In Millions of the trading currency, except per share items....

Throughout this course, you have researched a wealth of data and analytics to construct a comprehensive financial analysis and proposal (excluding tables, figures, and addenda) of a chosen company...

Chester Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. How much will the company pay in separation costs if each worker...

I would appreciate help with the following questions as well as explanation of how the questions are solved. Thanks! In the Month of March, Baldwin Corporation received orders of 149 units at a price...

Please provide me answers to the questions on Final round based on the information on round 4 results. 1. Which of the following statements would BEST characterize an individual who is culturally...

All else constant, what would Baldwin?s SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Bolt?s promotional budget and $750,000 for Bolt?s sales budget?Select: 1 11.0% 12.9%...

NIKE, Inc.is an Americanmultinational corporationthat is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and...

Shelll is currently measuring its cost of capital for purchasing a piece of land for its future R&D center. The center is located in the middle of Geneva. The management has the following...

Recently some people have complained that sports team mascots offend their cultural groups. Sports names such as the Nortre Dame "Fighting Irish", the Florida "Seminoles", the Cleveland "Indians",...

The optimal structure has been achieved when the depth equity ratio is equal to one weight of equity is equal to the weight of depth cost of equity is maximize given a pretax cost of debt debt equity...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

7. What level of proof should be used in this matter? Why? This matter of arbitration stems from an indictment of Thomas Allen for one count of arson first degree and ten counts of burglary in...

6. Should the Union be allowed to provide character witnesses on behalf of Mr. Allen? If so, why? If not, why not? This matter of arbitration stems from an indictment of Thomas Allen for one count of...

2. Distinguish between arrests, indictments, and convictions. This matter of arbitration stems from an indictment of Thomas Allen for one count of arson first degree and ten counts of burglary in...