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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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Answer:

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The tax burden will be shared between both buyers and sellers. So it is incorrect to say that the taxes levied on sellers and taxes levied on buyers are not equivalent.

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