1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLEGan [10]
3 years ago
15

Knowledge Check 01 During the current year, Armstrong Corporation reported net income of $18 million and EPS of $5.00 per share.

The average number of common shares outstanding during the year was 3.6 million. The price of a share of its common stock was $2.50 at the beginning of the year and $5.00 at the end of the year. What is the company’s price/earnings (P/E) ratio at the end of the year?
Business
2 answers:
Nutka1998 [239]3 years ago
6 0

Answer:

PE ratio is 1

Explanation:

Price earning ratio determines the ratio of price of a share by the earning per share . It measures the times value which a investor pays for each $1 earning of the shares.

To calculate the price earning ratio at the end of the year, we will use the price of the share at the end of the year.

Price Earning Ratio = Market Price / Earning Per share

Price Earning Ratio = $5 / $5

Price Earning Ratio = 1 times

Digiron [165]3 years ago
4 0

Answer:

P/E = 1

Explanation:

<em>The price earnings (P/E ) can be used to determine the value of a stock , The ratio relates the price of a stock to its earning. A stock with a higher P/R indicates a high potent for growth.</em>

The price earning ratio is computed as follows:

P/E = price per share/EPS

P/E = 5/5 = 1

You might be interested in
Your friend, Marco, offers to share with you a paper he wrote for his Introduction to Business class last semester. When you tel
Len [333]

Answer:

The correct answer is: <u>Is it balanced?</u>

Explanation:

This question based on ethics would be the most appropriate to assess these situations. Because when you confront your friend that it would not be fair and ethical for him to share an article written by him to be used as if you had written it, he responds to you with behavior that you consider unethical, but in these situations there is no balance comparison, as they are different situations.

Ethical issues seek to solve conflicting problems and dilemmas.

5 0
3 years ago
Assume that you live in California and are on vacation, traveling by car from California to Texas. You are injured in a motel ro
nevsk [136]

Answer:

a. No.  A state court will do a better job in this case because it exercises unlimited jurisdiction.  Moreover, you can only bring your case to a federal court if the amount of your claim is up to $75,000 or the issue is exclusive to the federal court.  This is not the case here.

b. Yes and No.  We need some additional information about the accident location to help answer this question definitively.

c. No. You should not consider accepting the offered settlement.  The jury award is meant to pay for your medical bills and also to help you recover financially as though the accident did not happen in the first place.  Accepting any lesser amount after the judgment is rendered is in bad taste.  The other party should have negotiated to settle out of court before the final judgment was rendered.  But it did not.  So, go with the jury award.

Explanation:

a) Data and Calculations:

Missed work for 15 weeks

Total medical bills incurred = $50,000

Total lost wages incurred = $15,000

Jury award = $100,000 ($50,000 for medical, $15,000 for lost wages and $35,000 for punitive damages)

Settlement offer = $50,000

7 0
3 years ago
On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $
Kitty [74]

Explanation:

The Journal Entry is given below:-

a. Cash Dr,                   8400  

           Accounts receivable        8400

(Being the Cash received)

 

b. Supplies Dr,                2500  

           Office equipment         2500

(Being the reserve entry is recorded)

Supplies Dr,                             2500  

            Accounts payable           2500

(Being the supply is purchased)

7 0
3 years ago
Question 8
Ghella [55]

Answer:

D

Explanation:

I know the answer

8 0
3 years ago
Read 2 more answers
In what areas is Leslie's overspending hurting her budget?
Rus_ich [418]

Answer:

yes

Explanation:

any all all my stuff going see week

5 0
3 years ago
Read 2 more answers
Other questions:
  • T was insured under an individual disability income policy and was severely burned in a fire. as a result, t became totally disa
    9·1 answer
  • When someone comes to your web site through an ad campaign, leaves the site, and then comes back later by another link or search
    7·1 answer
  • Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produ
    5·1 answer
  • Andy compares mattresses. A twin-sized NightSoft mattress at the large chain BuyRite costs $1,500. The BuyRite saleswoman tells
    9·2 answers
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    12·1 answer
  • Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or
    7·1 answer
  • A firm improves product quality and adds new product features and models. it also shifts some advertising from building product
    8·2 answers
  • For the past nine years, PepsiCo's Doritos brand has held a "Crash the Super Bowl" contest in which it invites 30-second ads fro
    12·1 answer
  • Impact of 2020 lockdown on world's business economy?
    9·1 answer
  • When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!