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inysia [295]
2 years ago
6

Richards Corporation had net income of $166,152 and paid dividends to common stockholders of $48,100. It had 51,600 shares of co

mmon stock outstanding during the entire year. Richards Corporation's common stock is selling for $70 per share. The price-earnings ratio (rounded to two decimal places) is
Business
1 answer:
Sphinxa [80]2 years ago
7 0

Answer:

21.74 times

Explanation:

The price-earnings ratio refers to the ratio of stock price to the earnings per share.

Given that,

Net income = $166,152

Paid dividends to common stockholders = $48,100

Common stock outstanding during the entire year = 51,600

Selling price of common stock = $70 per share

First, we have to calculate the earning per share.

Earning per share:

= Net income ÷ Common stock outstanding

= $166,152 ÷ 51,600

= $3.22

Price-earnings ratio:

= Market price ÷ Earnings per share

= $70 ÷ $3.22

= 21.74 times

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Answer:

Letter c is correct. <u>Customer.</u>

Explanation:

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How does a history of colonization in sub-saharan africa influence sustainable economic development in the region today?.
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2 years ago
Dima called her friend to tell her that she saved 30% on her new skirt at a discount store. Her friend told her that she could h
FromTheMoon [43]

If the original price of Dima’s skirt was $54, the amount that she have saved at the store was option(b)i.e, $1.80.

Let's just take the sales price of the skirt Dima purchased from the discount shop as the rate of the other retailer is not provided.

Original price: $54

Discount rate: 30%

$54 x 30% = $16.20 value of the discount

$54 - 16.20 = $37.80 discounted price.

Since Dima's friend told her she could have had a better deal at a different store, this means that the discount rate is higher than 30%. i.e, the discount is 33.33%

$54 x 33.33%  = $17.99 value of the discount

$54 - 17.99 = $36.00 discounted price.

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Different store: $36.00

The different store sales price is cheaper by $1.80

Therefore, she could have saved $1.80 at the store her friend suggested.

To know more about discount rate refer to:  brainly.com/question/13660799

#SPJ1

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1 year ago
Ivory purchased a car for $24,000. The annual interest rate on the loan is 3.5%. She will make payments for 6 years. What is Ivo
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2 years ago
If a business has a negative cash flow, the revenue must be _____ operating expenses.
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<em>Less than</em>

(If a business has a negative cash flow, the revenue must be less than operating expenses.)

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