Answer:
Price-Earning ratio = 6.42
Price to Sales Ratio = 1.35
Explanation:
Earning for the year = $285,000
Common stock outstanding = 150,000 shares
* Price has not been given in the question. Assuming $70 is the market price of the share.
1.
Earning per share = Earning for the year / Common stock outstanding
Earning per share = $285,000 / 150,000 = $1.90 per share
Price-Earning ratio = $7 / $1.90 = 6.42
2.
Price to Sales Ratio = Price / Sales = $7 / $5.19 = 1.35
The answer is D.)She would likely have to pay more than $55 at the time of purchase for the convenience of using her credit card.
There are always fees for using any type of credit card. Interests or not, you pay fees for the government. Lynn can pay even more if she doesn't pay the balance by the end of the month. Every time she uses the credit card, her balance fees rises. By the time she gets enough money to pay of the balance, her balance will be much bigger.
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Answer:
Price of share = $40.50
Explanation:
P/E ratio describes the price to earnings ratio.
Provided if P/E ratio = 13.5
And Earnings per share = $3 per share.
That means,


Price = 13.5
3 = $40.5
Therefore, it is not dependent on dividend payout ratio, and the price = $40.50