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3 years ago

Favorita candy's stock is expected to earn $2.70 per share this year. It's P/E ratio is 21. What price is the stock price?

Mathematics

1 answer:

Minchanka [31]3 years ago

3 0

Answer:

$56.7

Step-by-step explanation:

Given

Earning per share=E=$2.70

P/E Ratio=21

The formula for P/E ratio is :

P/E Ratio=Price/Earning

Where Price is the price of share in stock and earning the amount earned on one share.

Putting the values of Earning and P/E ratio in the formula

21=Price/2.70

21*2.70=Price

Price=$56.7

So the stock price is $56.7..

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The number that belongs in the green box is equal to 909.

General Formulas and Concepts:
Algebra I

Equality Properties

Multiplication Property of Equality
Division Property of Equality
Addition Property of Equality
Subtraction Property of Equality

Trigonometry

[Right Triangles Only] Pythagorean Theorem:
$\displaystyle a^2 + b^2 = c^2$

a is a leg
b is another leg
c is the hypotenuse

Step-by-step explanation:

Step 1: Define

Identify given variables.

a = 30

b = 3

c = x

Step 2: Find x

Let's solve for the general equation that allows us to find the hypotenuse:

[Pythagorean Theorem] Square root both sides [Equality Property]:
$\displaystyle \begin{aligned}a^2 + b^2 = c^2 \rightarrow c = \sqrt{a^2 + b^2}\end{aligned}$

Now that we have the formula to solve for the hypotenuse, let's figure out what x is equal to:

[Equation] Substitute in variables:
$\displaystyle \begin{aligned}c & = \sqrt{a^2 + b^2} \\x & = \sqrt{30^2 + 3^2}\end{aligned}$
Evaluate:
$\displaystyle \begin{aligned}c & = \sqrt{a^2 + b^2} \\x & = \sqrt{30^2 + 3^2} \\& = \boxed{ \sqrt{909} } \\\end{aligned}$

∴ the hypotenuse length x is equal to √909 and the number under the square root, our answer, is equal to 909.

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Learn more about Trigonometry: brainly.com/question/27707750

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Topic: Trigonometry

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