With the following data, determine the statement of retained earnings and market ratios: Statement of retained earnings Initial retained income 790,000 Operating income 1,480,000 Interest expenses 250,000 Taxes 370,000 Common dividends 129,000 Number of common shares in circulation 250,000 NOTE: The amounts in pesos without commas, period, sign, or decimals example: 345900 The ratios of times with two decimals 2.4567 = 2.46 rounded to the third decimal The following is requested: Profit before taxes Net profit Final retained earnings Profit per share = Final retained earnings/ Number of common shares YES the market price is $31.60.

Determine the price-earnings ratio If the market price is $31.60 and the book value is $10.00

Determine the market value / book value ratio.

Answer rating: 100% (QA)

To determine the statement of retained earnings and market ratios lets calculate the requested value... View the full answer