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Lapatulllka [165]
3 years ago
7

PRICE/EARNINGS RATIO A company has an EPS of $2.40, a book value per share of $21.84, and a market/book ratio of 2.73. What is i

ts P/E ratio?
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

24.84 times

Explanation:

The computation is shown below:

Market to book ratio would be

Market to book ratio = (Market price per share) ÷ (book value per share)

2.73 =  Market price per share ÷ $21.84

So, the Market price per share would be

= 2.73 × $21.84

= $59.62

And

Price-earnings ratio = (Market price per share) ÷ (Earning per share)

                                  = ($59.62) ÷ ($2.40)

                                  = 24.84 times

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Answer:

During Year 4, Tara wrote off $7,000 in receivables and recovered $4,000 that had been written off in prior years. Tara's December 31, Year 3, allowance for uncollectible accounts was $22,000. Under the aging method, what amount of allowance for uncollectible accounts should Tara report on December 31, Year 4?

$19,000.

Explanation:

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Answer:

The correct answer is Growth Stage.

Explanation:

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Despite this, competition in this second stage of a product life cycle is usually not very intense. It is likely that new competitors have appeared, but these new players will try to differentiate their product and begin to build their brand positioning.

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The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala
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As a result, we can see that Keynes, one of the fathers of economics stated that it was <em>important</em> for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

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