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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

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The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." <span>Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? </span>
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3 years ago
Who is responsible for responding to workflow(s) for equipment dispatch requests through the business workplace require An appro
Roman55 [17]

Answer:

Commander

Explanation:

GCSS-Army is short for Global Combat Support System-Army. The GCSS is a section of the United States Army that is fielded under the 11th Armored Cavalry Regiment. There are the GCSS Wave 1 and GCSS Wave 2. These two groups have different roles.

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7 0
3 years ago
Real per capita GDP in South Korea in 1957 was about $400, but it doubled to about $800.00 by 1978. a. What was the average annu
miskamm [114]

Answer:

3.33%

Explanation:

Data provided in the question:

Real per capita GDP in South Korea in 1957 = $400

per capita GDP in South Korea in 1978 = $800

Total number of years taken to double the GDP = 21 years

Now,

Using the Rule of 70, which states that

Number of years to double the GDP = 70 ÷ (average annual economic growth rate )

thus,

21 years = 70 ÷ average annual economic growth rate

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3 0
3 years ago
assume that the price of a $1,000 zero-coupon bond with five years to maturity is $567 when the required rate of return is 12 pe
Gelneren [198K]

The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494

<h3>How to find the price elasticity of he bond?</h3><h3 />

First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵

= $497

The change in price:

= (497 - 567) / 567

= -12.3%

Then find the percentage change in the required rate of return:

= (15 - 12%) / 12

= 25%

The price elasticity of the bond is:

= -12.3% / 25%

= -0.494

Find out more on price elasticity at brainly.com/question/5078326

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3 0
1 year ago
the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the
trasher [3.6K]

Answer:

Cost\ of\ 112m^2 = 4.48

Explanation:

Given

<u>Dimension</u>

Length= 8m

Breadth = 6m

Height = 4m

Cost per m^2 = 0.04

Required

Determine the total cost to paint 4 walls

First, we need to calculate the area of the 4 walls.

Area = 2*(Length * Height) + 2 *(Breadth * Height)

Substitute values for Length, Breadth and Height

Area = 2*(8m* 4m) + 2 *(6m* 4m)

Area = 2*(32m^2) + 2 *(24m^2)

Area = 64m^2 + 48m^2

Area = 112m^2

Cost per m^2 = 0.04.

Cost\ of\ 112m^2 = 112 * 0.04

Cost\ of\ 112m^2 = 4.48

8 0
3 years ago
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