Question: Jupiter Explorers has $ 9 , 0 0 0 in sales. The profit margin is 5 percent. There are 6 , 3 0 0 shares

Jupiter Explorers has $9,000 in sales. The profit margin is 5 percent. There are 6,300 shares of stock outstanding, with a price of $1.80 per share. What is the company's price-earnings ratio?
Windswept, Incorporated
2024 Income Statement
($ in millions)
Net sales $ 9,100
Cost of goods sold 7,500
Depreciation 425
Earnings before interest and taxes $ 1,175
Interest paid 90
Taxable income $ 1,085
Taxes 228
Net income $ 857
Windswept, Incorporated
2023 and 2024 Balance Sheets
($ in millions)
2023202420232024
Cash $ 190 $ 225 Accounts payable $ 1,300 $ 1,530
Accounts received 1,000900 Long-term debt 1,0401,305
Inventory 1,6001,610 Common stock 3,2902,940
Total $ 2,790 $ 2,735 Retained earnings 500750
Net fixed assets 3,3403,790
Total assets $ 6,130 $ 6,525 Total liabilities & equity $ 6,130 $ 6,525
What is the return on equity for 2024?

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!