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
In marketing, advertisements or salespeople can activate a consumer's purchase decision process by _________.a. showing the shor
Natasha2012 [34]

Answer:

The correct answer is the option B: manipulating a customer's want into a need.

Explanation:

To begin with, in the field of marketing there are several instruments that can be used in order to obtain the customer's attention, such as the advertisements and the salespeople. Moreover, these two types of tools can generate in the client a shift in his behavior that makes him feel that his desire or want is now a new need that must be satisfy. Therefore that the advertisements tend to capture the people's attention with bright colors and wonderfull and desired situations. And the salespeople tend to push the clients into buy some items that may complement the primary product that they are buying.

7 0
3 years ago
Read 2 more answers
Desktop management__________.a. increases the cost of configuration management over the long termb. requires managers to install
ryzh [129]

Answer:

C) automatically produces documentation of software installed on each client computer

Explanation:

Desktop management refers to managing all the company's computers. Even though the word desktop is used, it includes managing and overseeing all the devices of the organization including laptops, tablets and even smartphones. Desktop management is a part of systems management.

8 0
3 years ago
This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of peop
insens350 [35]

Answer:

answer 45

Explanation:

6 0
3 years ago
Read 2 more answers
What does the circular flow model show? answers?
Katena32 [7]
It shows how businesses markets and households all buy and sell from each other to make profit<span />
4 0
3 years ago
When property is contributed to a partnership in exchange for a capital and profits interest, when does the partner's holding pe
Virty [35]

Well here's what I can tell you,

The day the contributed property was purchased.
The day the partnership interest was acquired.

Either one of these are true which also means they are both true.

7 0
3 years ago
Other questions:
  • Which type of electronic meeting held between people at two or more locations combines audio and video transmission?
    5·1 answer
  • Is a company that has a proven business model and is willing to sell the rights?
    9·1 answer
  • While driving to school, Brandon thinks about his upcoming midterms. When he reaches campus, he realizes that he doesn't remembe
    10·1 answer
  • For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of
    8·1 answer
  • It is important to accommodate diverse cultural needs to set your
    8·1 answer
  • Each of the statements below are true about inflation EXCEPT
    8·1 answer
  • Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jo
    7·1 answer
  • All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Dep
    5·1 answer
  • You live in a culture in which people grow their own food and rarely have to buy food from others.One day,a researcher from the
    6·1 answer
  • Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!