Question: pls answer S12-10. (Learning Objective 4: Calculate EPS and the price-earnings ratio) The annual report of Salem Cars, Inc., for the year ended December 31,

pls answer
pls answer S12-10. (Learning Objective 4: Calculate EPS and the price-earnings ratio)

S12-10. (Learning Objective 4: Calculate EPS and the price-earnings ratio) The annual report of Salem Cars, Inc., for the year ended December 31, 2021, included the following items (in millions): 1. Calculate earnings per share (EPS) and the price-earnings ratio for Salem Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $18. 2. How much does the stock market say $1 of Salem Cars' net income is worth? E12-18A. (Learning Objective 2: Perform a horizontal analysis of an income statement) Prepare a horizontal analysis of the comparative income statements of Norman Music Co. Round percentage changes to the nearest one-tenth percent (three decimal places)

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!