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
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

You might be interested in
The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the cur
Alenkinab [10]

Answer:

so sry idk

Explanation:

8 0
3 years ago
Anson Jackson Court Company (AJC) The Anson Jackson Court Company (AJC) currently has $200,000 market value (and book value) of
ddd [48]

Answer:

7.38%

Explanation:

Calculation to determine what would be AJC's new WACC and total value

Using this formula

WACC and total value=(Equity)(Required rate of return on equity)+(Debt)(1-Tax rate)(Required rate of return on debt)

Let plug in the formula

WACC and total value=(0.6)(0.095)+(0.4)(1-0.4)(0.07)

WACC and total value=0.057+0.0168

WACC and total value=0.0738*100

WACC and total value=7.38%

Therefore would be AJC's new WACC and total value is 7.38%

5 0
2 years ago
________ said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it
rodikova [14]

Answer:

Bill Gates said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it can be threatening to a manager who worries that he is training his replacement. Smart managers like to see their employees increase their responsibilities because it frees the managers to tackle new or undone tasks."

Explanation:

Bill Gates is an American computer pioneer and philanthropist. He is a co-founder of Microsoft, where he was the chairman of the board. He has now left the day-to-day work at Microsoft to work full-time within the Bill & Melinda Gates Foundation. According to Forbes magazine, Gates is the second richest person in the world (after Jeff Bezos) with a fortune of about $105 billion.

7 0
2 years ago
Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to depos
german

Answer:

see below

Explanation:

Endorsing a check is communicating to the bank how a check is to be cashed. A restrictive endorsement puts limits on how a check or other financial instruments are to be used.

The most common type of restrictive endorsement is for the payee to write the words" for deposit only" at the back of the check. The payee then signs and indicates their account number. This instructs the banks to pay the check amount to that account.

Sandra walker should write the words "for deposits only" at the back of the check. She has to indicate the bank account number for The Book Nook and sign at the back.

4 0
2 years ago
5.01 Four Types of Utility Marketing Worksheet All four types of utility must be present for consumers to be satisfied; none of
dem82 [27]

Answer:

20.

37. 42 is the answer

Explanation:

8 0
1 year ago
Other questions:
  • Match the items below to show the risks, benefits, and powers of stockholders. A. Risk of being a stockholder B. The benefit of
    15·2 answers
  • Arianna is responsible for the cleaning, pet, and paper products in the grocery store where she works. she considers herself an
    13·2 answers
  • When peter metcalf describes black diamond's manufacturing facility in china as a "greenfield project, he means that . of all ma
    13·1 answer
  • Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of g
    11·2 answers
  • The sympathetic and parasympathetic divisions of the ANS:_______ A. Never innervate the same organ. B. May work together, each c
    13·1 answer
  • Hyo runs an ice cream shop with her family. They just started letting customers fax in their ice cream orders. Sometimes the wri
    11·1 answer
  • Do you think chefs give much thought to the nutritional value of the dishes they create? Explain
    15·2 answers
  • Making tax-deferred deposits into a retirement account means that the funds are
    13·1 answer
  • Fundamentally, economics deals with:______.
    8·1 answer
  • A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate lic
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!