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
Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col
amid [387]

Calculation  needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is

Total potential cash - Ending accounts receivable balance.

Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.

The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.

You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.

To learn more about operating cashflow click here :

brainly.com/question/21322525

#SPJ4

8 0
2 years ago
Which of the following is a disadvantage of electronic communication
REY [17]

Answer:

Lack of physical cues may lead to miscommunication

Explanation:

8 0
3 years ago
Examples of Niche Products
balu736 [363]
High quality coffee clothes makeup watches drones
6 0
3 years ago
Read 2 more answers
Your practice recently purchased a portable ultrasound machine. A client calls and asks how early her mare can have an ultrasoun
adell [148]

Answer:

The very earliest that a pregnancy can be confirmed with an ultrasound in a horse is approximately after two weeks after the breeding took place.

Explanation:

8 0
3 years ago
QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?
VLD [36.1K]

Answer:

243,703

Explanation:

5 0
3 years ago
Other questions:
  • Identify the incorrect statement about sales promotions.
    7·1 answer
  • In an establishment that serves alcohol for on premise consumption and gets less than 50% of its gross receipts from alcohol sal
    14·1 answer
  • A futures contract A)is an agreement to buy or sell a specified amount of an asset at the spot price on the expiration date of t
    12·1 answer
  • __________ often assist companies and employees with ethical issues by formally addressing contributions to government officials
    6·1 answer
  • True or false: the lower the interest rate the lower the present balue of a set of mult
    15·1 answer
  • With respect to marketing planning, the type of plan that tends to be very detailed in nature and typically covers a year or les
    9·1 answer
  • If you are willing to purchase a house for $500,000 and you purchase the house for $500,000, this transaction will generate:
    6·1 answer
  • On september 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a rat
    6·1 answer
  • What is installment debt?
    10·2 answers
  • If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acqu
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!