If you are talking about the priority of the order of operations. It is C.
Answer:
net income: $ 451,010
EPS: $ 6.32 per share
Explanation:
net sales 2,409,200
cost of good sold (1,464,600)
gross profit: 944,600
operating expenses:
selling expenses (284,000)
operating income 660,600
non operating:
interest revenue 38,100
interest expense (54,400)
non operating expense (16,300)
earning before taxes: 644,300
tax expense: 30% 193,260
net income 451,010
shares outstanding 71,390
Earning per share: 451,010/71,390 = 6,31755
Answer:
The beta of the portfolio is 1.22
Explanation:
In calculating the beta of the whole portfolio, we can calculate the weighted average beta of each stock .The sum of all weighted betas give the beta of the entire portfolio.
Beta of portfolio=amounted in first stock/entire amount invested*beta of the first+amount invested in second stock/entire amount invested *beta of the second stock
Beta of portfolio=($32000/($32000+$42000))*1.1+($48000/($32000+$48000))*1.3
Beta of portfolio=1.22
