All categories

3 years ago

Little Book LTD has total assets of $860 000. There are 75

Business

1 answer:

malfutka [58]3 years ago

5 0

a)Little book LTD earning per share is $1.118 per share.

Explanation:

To calculate earning per share we will use following formula:

$\frac{net income}{weighted average shares outstanding}$

Now to find net income we will take help of asset turnover ratio : $\frac{net sales}{total asset}$

Asset turnover ratio = $\frac{x}{860000}$

$\begin{align}\frac{x}{$86000}\end{align}$ 1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income = $1290000×.065

= $83850

Now Earning per share = $\frac{83850}{75000}$

Earning per share = $1.118

b) Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio = $\frac{Market Capitalization}{Total Book Value}$

Market Capitalization = $ 75000× $ 12

= $900000

So, Market To Book Ratio = $\frac{900000}{750000}$

Market To Book Ratio = 1.2

You might be interested in

"A(n) _________________________ involves the free flow of products and factors of production among member-countries and the adop

melisa1 [442]

Answer:

"An economic and monetary union involves the free flow of products and factors of production among member-countries and the adoption of a common external trade policy, but it also requires a common currency, harmonization of members tax codes, and a common monetary and fiscal policy."

Explanation:

A monetary and economic union is a common market with a common currency. Monetary unions have not necessarily created a common market; in fact, the only monetary and economic union in the world is the Eurozone of the European Union, made up of members of the Union who have adopted the euro as their state currency. It is considered one of the most advanced stages of economic integration.

3 0

2 years ago

Read 2 more answers

In a balanced budget, the amount you ______ is ______ the amount you earn.

Anit [1.1K]

Answer:

Answer is b

Explanation:

brainliest maybe?

5 0

2 years ago

Read 2 more answers

Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months

Alina [70]

Answer:

January February

Beginning Cash Balance 58,050 35,475

Add: Receipts

Collections from Customers 109,650 193,500

Sale of Marketable Securities 15,480 0

Total Receipts 125,130 193,500

Total Available Cash 183,180 228,975

Less: Disbursements

Direct Materials 64,500 96,750

Direct Labour 38,700 58,050

Manufacturing Overhead 25,155 30,315

Selling and Administrative 19,350 25,800

Total Disbursements 147,705 210,915

Cash Balance 35,475 18,060

Financing

Add: Borrowings 0 7,740

Less: Repayments 0 0

Ending Cash Balance 35,475 25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

8 0

3 years ago

Wildhorse Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost pe

katovenus [111]

Answer:

Wildhorse Company

The amount of the inventory is:

= $30,496.

Explanation:

a) Data and Calculations:

Item No. Quantity Cost per Estimated Cost to NRV LCNRV Inventory

Unit Selling Price Sell Value

1320 1,400 $3.78 $5.31 $1.89 $3.42 $3.42 $4,788

1333 1,100 3.19 4.01 1.18 2.83 2.83 3,113

1426 1,000 5.31 5.90 1.65 4.25 4.25 4,250

1437 1,200 4.25 3.78 1.59 2.19 2.19 2,628

1510 900 2.66 3.84 1.65 2.19 2.19 1,971

1522 700 3.54 4.60 0.94 3.66 3.54 2,478

1573 3,200 2.12 2.95 1.42 1.53 1.53 4,896

1626 1,200 5.55 7.08 1.77 5.31 5.31 6,372

Inventory value = $30,496

4 0

3 years ago

When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product

Andrej [43]

Answer:

Focus strategy.

Explanation:

Focus strategy is undertaken by a company to enter a narrow market or expand operations in such a market. The segment is specific and the business usually provides services that competitively meets customer needs.

Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.

6 0

2 years ago