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Nookie1986 [14]
3 years ago
10

Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after

-tax earnings of $9,216,000 and has issued 5,120,000 shares of common stock. The stock is currently selling for $33 a share.a. Calculate the earnings per share for National Computers. (Round your final answer to 2 decimal places.)Earnings per share $b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your final answer to 2 decimal places.)Price-earnings ratio
Business
1 answer:
bixtya [17]3 years ago
6 0

Answer:

a. $1.80

b. 18.33 times

Explanation:

The computation of the earning per share is shown below:

a. Earning per share = (Net income after tax) ÷ (Number of shares)

                               = ($9,216,000) ÷ (5,120,000 shares)

                               = $1.80

b. And, the Price-earnings ratio = (Market price per share) ÷ (Earning per share)

= $33 ÷ $1.80

= 18.33 times

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Answer:

net income increased by $1,537.50

Explanation:

Obviously, the original income statement is missing, so I looked for a similar question:

sales revenue                                 $16,500

COGS                                              <u>($9,300)</u>

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Operating exp.:

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net income increased by $4,537.50 - $3,000 = $1,537.50

8 0
3 years ago
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Answer:

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Explanation:

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6 0
3 years ago
"this process of continuous alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leafle
natta225 [31]
<span>Answer: This passage refers to the process of changing the past, which is Winston's job. By controlling the past, the Party is able to manipulate the minds of Party members.</span>
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3 years ago
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
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Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

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In the month of July,

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Ideal output units in the month of July = output rate × total production hour

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Utilization rate = (output unit in July ÷ idea output) × 100

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So, the Capacity utilization rate is 73.94 units per hour for the month.

7 0
3 years ago
Trade Associations provide all of the following except
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Answer: B: a degree

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