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
nordsb [41]
3 years ago
15

Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annu

ally and are expected to continue doing so. The firm has 21,500 shares of stock outstanding at a price per share of $23.40. What is the firm's PEG ratio
Business
1 answer:
GalinKa [24]3 years ago
3 0

Answer:

The firm's PEG ratio is equal to 5.93

Explanation:

A valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the company's expected growth are referred to as the 'PEG ratio' (price/earnings to growth ratio).

Generally, a company with a higher growth rate would have a higher P/E ratio.

PE ratio = Stock price/EPS

             = 23.4/1.36

 PE ratio = 17.205

PEG ratio = PE ratio/ Earning growth ratio

                 = 17.205/2.9

PEG ratio    = 5.93

You might be interested in
What is the most accepted time frame associated with the MOV SEP code?
shusha [124]

The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.

<h3>What is an inference?</h3>

An inference is the conclusion that can be deduced based on an information.

In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.

Learn more about inference on:

brainly.com/question/25280941

#SPJ1

3 0
2 years ago
Which of these describes what can happen with an adjustable-rate mortgage?
olga55 [171]

Answer:the answer is D

Explanation:

It goes up and down due to the adjustable rate of the mortgage

4 0
3 years ago
Read 2 more answers
A cartel is an example of: a price leadership. b price extortion. c tacit collusion. d overt collusion. e price discrimination.
Law Incorporation [45]

Answer:

d overt collusion.

Explanation:

Overt collusion occurs when a group of companies collude to increase price of a commodity in a given market.

Competing firms secretly come together to gain control in a market in a similar way to a monopoly.

Overt collusion is a formal agreement between the companies involved.

This practice is considered illegal in the United Kingdom and European Union

8 0
3 years ago
An individual customer's accounts receivable is recorded in the customer's ______ account and then summarized with all other cus
Goryan [66]

An individual customer's account receivable is recorded in the customer's ledger account and then summarized with all other customers accounts on the balance sheet as accounts receivable.

Explanation:

The ledger account that provides a subsidiary ledger's account balances is called a control account. The subsidiary ledger collects the transaction data of individual creditors. The accounts received by the subsidiary ledger have a separate account for each customer who makes credit purchases.

The sum of the balances of the subsidiary ledger should equal the balance of related controlling account. it supports the controlling accounts in general ledger.

The balance sheet is the summary of current balances in the firm's Assets, liabilities, and equities accounts.

The common subsidiary ledges are accounts payable ledger, accounts receivable ledger, fixed assets ledger, inventory ledger and purchases ledger.

8 0
3 years ago
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry​ leaders, who have turnover of about 13 times per y
Iteru [2.4K]

Answer:

inventory​ turnover = $15.879

Explanation:

given data

Net Revenue = ​$27,500

Cost of sales = ​$19,690

Inventory ​= $1,240

Total assets = ​$17,990

assets invested = 8%

to find out

Baker's inventory​ turnover

solution

we will apply here formula for  inventory​ turnover that is express as

inventory​ turnover = \frac{cost of goods sold}{Inventory investment}   ..........................1

put here value we get

inventory​ turnover = \frac{19,690}{1240}

inventory​ turnover = $15.879

8 0
3 years ago
Other questions:
  • What is the viability and relevancy of insurance products sold to businesses and individual
    12·1 answer
  • suppose that there were 25 people who had a reservation price of 500 and the 26th person had a reservation price of 200 what wou
    9·1 answer
  • When the balance of the income summary account is a​ debit, the entry to close this account​ is:
    10·1 answer
  • Why do you earn more money using compound interest than you would using simple interest?
    5·1 answer
  • What are advancement possibilities of working in home health aide?
    12·1 answer
  • On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, f
    5·1 answer
  • A planning budget based on a single predicted amount of sales or production volume is called a:
    10·1 answer
  • Paradise Company's planning budget for 10,000 units showed sales of $500,000. The flexible budget for 12,000 units showed sales
    13·1 answer
  • The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentra
    11·1 answer
  • What is the best speed limit for driving and why?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!