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
Serggg [28]
4 years ago
6

Chang, Inc.'s balance sheet shows a stockholders equity book value (total common equity) of $750,500. The firm's earnings per sh

are were $3.00 resulting in a price/earnings ratio of 12.25x. There are 50,000 shares of common stock outstanding. What is the price/book ratio
Business
1 answer:
andrezito [222]4 years ago
8 0

Answer:

2.45

Explanation:

Given that,

Stockholders equity book value = $750,500

Earnings per share = $3.00

Price-earnings ratio = 12.25

Common stock outstanding = 50,000 shares

Market price per share:

= Earnings per share × Price-earnings ratio

= $3.00 × 12.25

= $36.75

Equity book value per share:

=  Stockholders equity ÷ Common stock outstanding

= $750,500 ÷ 50,000

= $15.01

Price-book ratio:

= Market price per share ÷ Equity book value per share

= $36.75 ÷ $15.01

= 2.45

You might be interested in
Has a desire to influence others, be responsible for them, and have authority over them. it can be described as her:
Alex_Xolod [135]
This could be described as her maternal instinct  
6 0
3 years ago
Select the correct answer.
34kurt

Answer:

I would say B

Explanation:

because like you need to be nice to everybody like its just the right thing to do and plus those existing customers might just be the ones who help u along the way u never know

hoped this helped lmk if it did

4 0
3 years ago
Which process is used to select more than half of federal civilian workers?
VMariaS [17]
The appropriate response is civil service examination. Civil service examination will be examinations actualized in different nations for enlistment and admission to the common administration. They are expected as a strategy to accomplish a successful, objective open organization on a legitimacy framework.
8 0
3 years ago
Read 2 more answers
Wholesome Cuisine, a frozen foods company, decides to create a new mail order meal division, focused on offering delicious food
emmasim [6.3K]

Answer:

Idea development

Explanation:

At the idea development stage, the company just decides to appraise and investigate whether the innovative idea is feasible and that will it generate value for the company in the long term. Furthermore, the idea is just a theoretical information that just sounds good for the business future and there is further investigation pending to appraise it.

3 0
4 years ago
Titanic Roofing Company has estimated the following amounts for its next fiscal​ year: Total fixed costs $ 840 comma 000 Sale pr
Nina [5.8K]

Answer:

Operating income increases by $40,000.

Explanation:

Given that,

Total fixed costs = $840,000

Sale price per unit = $60

Variable cost per unit = $30

Additional amount spend on advertising = $35,000

Sales volume would increase by 2,500 units.

Contribution margin:

= Sales - Variable costs

= $60 - $30

= $30 per unit

Increase in operating income:

= Increase in contribution margin - Increase in Fixed costs

= ($30 × 2,500 units) - $35,000

= $75,000 - $35,000

= $40,000

3 0
3 years ago
Other questions:
  • Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp
    10·1 answer
  • If financial markets were ____, all information about any securities for sale in primary and secondary markets would be continuo
    11·1 answer
  • Which of the following would cause a "Prior Period Adjustment" to be reported on the 2025 Statement of Retained Earnings?
    9·1 answer
  • A soybean farmer sells soybeans in a perfectly competitive market and hires labor in a perfectly competitive market. The market
    7·1 answer
  • Which of the following correctly indicates the order of phases in product planning?
    11·1 answer
  • The concept of permanent current assets reflects the fact that some components of current assets do not shrink to zero even when
    15·1 answer
  • Goleman sorts leadership styles into six categories. In order for a leader to get results, different styles are used for differe
    5·1 answer
  • Melody has worked as a secretary at Consolidated Freight Handling for 10 years. Although she earns a good salary and has made fr
    5·1 answer
  • the part of a business plan that includes an organization chart, job descriptions of listed positions, and detailed resumes of t
    10·1 answer
  • Question 7 of 10
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!