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likoan [24]
3 years ago
11

The following amounts were taken from the financial statements of Plant Company: 2012 2011 Total assets $800,000 $1,000,000 Net

sales 720,000 650,000 Gross profit 352,000 320,000 Net income 150,000 117,000 Weighted average number of common shares outstanding 60,000 90,000 Market price of common stock $67.50 $39 The price-earnings ratio for 2012 is Group of answer choices 27 times. 45 times. 11 times. 2.5 times.
Business
1 answer:
adelina 88 [10]3 years ago
4 0

Answer:

the price earning ratio is 27 times

Explanation:

The computation of the price earning ratio is given below;

as we know that

price earning ratio

= Market price ÷ earning per share

= $67.50 ÷ ($150,000 ÷ 60,000 shares)

= $67.50 ÷ 2.5

= 27 times

hence, the price earning ratio is 27 times

Therefore the same should be considered

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Answer:

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Explanation:

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3 years ago
among the major drawbacks of highly centralized organizational structure is that it allows for tight control from the top that m
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3 0
3 years ago
DHL express deals with :
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Answer:

DHL express deals with:

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4 0
3 years ago
Shelton Co. purchased a parcel of land six years ago for $866,500. At that time, the firm invested $138,000 in grading the site
nikklg [1K]

Answer: $918,000

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5 0
3 years ago
Read 2 more answers
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