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
Dahasolnce [82]
3 years ago
10

g You own shares of a company that reported after-tax earnings of $29 million and has issued 2 million shares of stock. The comp

any's stock price is $5.09 per share. Calculate the company's price-earnings (PE) ratio.
Business
1 answer:
musickatia [10]3 years ago
4 0

Answer: 0.35

Explanation:

The Price to Earnings ratio is used to value companies and is calculated by dividing the company's stock price by its earnings per share.

Earnings per share = 29,000,000/2,000,000 shares

= $14.50

PE ratio = Share price / Earnings per share

= 5.09/14.50

= 0.35

You might be interested in
Fire Chief McGuire could see the problem from a mile away. Flames were leaping out of the old barn, blown by a west wind. Arrivi
EastWind [94]

Answer:

The correct answer is dominating.

Explanation:

Generally, different definitions of "social conflict" are offered, differences that call our attention to complementary aspects of the concept: For example, Stephen Robbins: "A process that begins when one party perceives that another has affected it negatively or that It is about to negatively affect some of its interests ”2 and that of Lewis A. Sew for whom the social conflict is a struggle for values and for the status, power and scarce resources, in the course of which opponents want to neutralize, damage or eliminate their rivals. A conflict will be social when it transcends the individual and comes from the structure of society itself.

4 0
3 years ago
A candidate may apply to multiple jobs at the company Universal Containers by submitting a single application per job posting. O
adoni [48]

Answer:

Create a master-detail relationship in the Application Custom object to the Job Postings custom object.

Explanation: Job Posting is a channel through which the human resource management of an organization posts all its available vacancies internally in the organization to give an opportunity for its existing employees who wish to change their fields and work in different departments.

7 0
2 years ago
The Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose
olchik [2.2K]

Answer:

Debit Bad Debt Expense; Credit Accounts Receivable

Explanation:

Bad debts expense is related to a company's current asset accounts receivable. Bad debts expense is also referred to as uncollectible accounts expense or doubtful accounts expense.

When a cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited.

8 0
2 years ago
“A business organization requires both long term and short term capital which can
Anna007 [38]
The example of ownership capital is : Shares

Shares determine that you have a part of percentage of the company (you will also get part of its income)

Example of Borrowed capital is : Leasing.
Leasing is a rental agreement in which you can borrow goods that you can use for your production process

hope this helps
5 0
3 years ago
How can gross interest income rise while the net interest margin remains somewhat stable for a particular bank?
Alecsey [184]

Answer:

A bank acts like an intermediary between depositors and creditors. If the market interest rates increase, gross interest income will rise, but all gross interest expense. They will charge higher rates to borrowers, but also must pay higher rates to depositors. The spread probably remains unchanged because both sides increased.

4 0
2 years ago
Other questions:
  • Ben owns a lawn care business. from experience, ben has found that john deere equipment lasts almost twice as long as competitor
    12·1 answer
  • The desire for a product class rather than for a specific brand is called __________ demand.
    8·1 answer
  • Upon what specific assumptions is this production possibilities curve based?
    12·1 answer
  • The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct busi
    13·1 answer
  • The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at
    9·1 answer
  • Natraj Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department
    5·1 answer
  • Savant Homes, Inc., is a custom home designer and builder. Using what it called the Anders Plan, Savant built a model house in W
    7·1 answer
  • Alan tries to make life easy on his employees by telling them exactly what to do and how to do it. he believes that most of his
    6·1 answer
  • What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?
    6·2 answers
  • Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know mor
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!