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BabaBlast [244]
3 years ago
9

Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10

par stock). The company does not hold any Treasury Stock. The market price per share as of December 31, 2015, was $33.50. Calculate the price-earnings ratio for 2015.
Business
1 answer:
ser-zykov [4K]3 years ago
6 0

Answer:

Explanation:

Earning per share =   Net income/ Total Stock

Earning per share =    401000/26700

Earning per share =    15.019

Price earning        =  price per share/EPS

Price earning        =  33.5/15.019

Price earning        = 2.23

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Terrence should be concerned about groupthink.

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A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Averag
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The average collection period of the company is 18 days

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