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Leni [432]
3 years ago
5

The following amounts were taken from the financial statements of Ando Company: 2017 2016 Total assets $800,000 $1,000,000 Net s

ales 720,000 650,000 Gross profit 352,000 320,000 Net income 108,000 117,000 Weighted average number of common shares outstanding 90,000 90,000 Market price of common stock $42 $39 The price-earnings ratio for 2017 is
Business
1 answer:
aleksandr82 [10.1K]3 years ago
6 0

Answer:

35 times

Explanation:

The price-earnings ratio is the financial ratio that compares the market price of a share with its earnings in order to determine whether the share gives earnings that makes it a good buy.

Price-earnings ratio=market price per share/earnings per share

market price per share for 2017 is $42

earnings per share=net income-dividends/average common stock outstanding

net income is $108,000

dividends is nil

average number of common stock is 90,000

earnings per share=$108,000-$0/90,000=$1.2

price earnings ratio=$42/$1.2=35 times

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Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory
algol13

Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

Raw Material Used:                $71500

Ending Raw Material Inventory:    $6000

Raw Material Inventory Turnover:

Beginning Inventory + Raw Material Used - Ending Raw Material

= 5000+71500-6000= $70500

7 0
3 years ago
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just olya [345]
You get to look at the progress of your business
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Nadusha1986 [10]

Answer:

The correct answer is letter "A": supply and an increase in the quantity demanded.

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8 0
3 years ago
Iron Crafters Inc, a hardware manufacturing company, has employed experts to carefully analyze its operating unit, to identify p
spayn [35]

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Safety Engineering is the part of engineering involved in removing hazards from the working environment of an industry to make the work place safer for workers of that organization.

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3 years ago
Does GAAP routinely require companies to disclosure forecasts of financial variables to external users? Indicate yes or no and e
Andrei [34K]

Answer:

No, they don´t.

Explanation:

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