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insens350 [35]
3 years ago
5

A company has net income of $940,000; its weighted-average common shares outstanding are 188,000. Its dividend per share is $0.8

5, its market price per share is $96, and its book value per share is $88.00. Its price-earnings ratio equals?
Mathematics
1 answer:
alexgriva [62]3 years ago
5 0

Answer:

19.2

Step-by-step explanation:

Net income                                   $940,000

No of shares outstanding             $188,000

Earning per share = Net income / no of shares outstanding  

Earning per share = 940,000 / 188,000

Earning per share = 5

Market price per share  = 96

Price earning ratio = Market price / Earning per share

Price earning ratio = 96 / 5  

Price earning ratio = 19.2

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3 years ago
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bazaltina [42]

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Step-by-step explanation:

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3 years ago
Two types of sandwiches were made for a tea party. 55% of the sandwiches were cheese sandwiches and the rest were chicken sandwi
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3 years ago
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Fiesta28 [93]

Answer:

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Step-by-step explanation:

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-3
Step by Step guide
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