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ella [17]
3 years ago
13

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 260 $ 280 Accounts payable $ 1,510 $ 1,7

72 Accounts rec. 1,070 970 Long-term debt 1,050 1,238 Inventory 1,740 1,640 Common stock 3,320 3,010 Total $ 3,070 $ 2,890 Retained earnings 630 880 Net fixed assets 3,440 4,010 Total assets $ 6,510 $ 6,900 Total liab. & equity $ 6,510 $ 6,900 Windswept, Inc., has 530 million shares of stock outstanding. Its price–earnings ratio for 2017 is 24. What is the market price per share of stock?
Business
1 answer:
Lemur [1.5K]3 years ago
3 0

Answer:

$74,16

Explanation:

Note : I have attached the full question as images below !

Price Earning ratio = Price per share ÷ Earnings per share

                               = $24

Where,

Earnings per share = Earnings attributable to Common Stock holders ÷ Weighted Average Number of Common Stock Outstanding

therefore,

Earnings per share = $1,640 ÷ 530 = $3.09

so,

Market Price per share = Price Earning ratio x Earnings per share

Market Price per share = $24 x $3.09

                                       = $74,16

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True or False : When using list pricing , list the priciest items first
andrey2020 [161]

Answer:

true

Explanation:

items first before listing the price

3 0
3 years ago
You are a financial manager. your assistant tells you that there will be a cash flow gap next month, meaning that cash outflows
sashaice [31]
The answer is greater than cash inflows. The explanation behind this is cash flow gaps happen when cash outflows are greater than cash inflows. Cash flow budgets assist financial managers determine whether the business needs to seek outside sources of funds beyond sales to manage projected cash shortages.
3 0
3 years ago
The following data are available for the Northwestern Division of Dempsey, Inc. and the single product it makes. Average operati
balandron [24]

Answer:

65,000 units

Explanation:

Let the number of units be sold = x

Operating Income= Sales- Variable cost – Fixed Cost

Operating Income = 40x - 24x - 560,000

Operating Income = 16x - 560,000

Return on Investment = Operating Income / Net Operating Assets  

16% = (16x - 560,000  )/ 3,000,000

480,000 = 16x - 560,000

16x = 480,000 + 560,000

16x = 1,040,000

x = 65,000 units

5 0
4 years ago
Factors leading to the slow growth of demand in embryonic industries include all of the following except the
wolverine [178]

Answer:

C) lack of venture capital for innovative products.

Explanation:

Embryonic industries are such industries that are at the beginning stage in their life-cycle. More specifically, newly established ventures are called the embryonic industry or firm.

Options A, B, D, and E all are wrong because a new firm may not produce high qualified first products. It may not have the right complementary products, the production cost may be higher than expected, and finally, there are a few distribution points. Those lead to the slow growth of the embryonic industry.

Option C is the answer because venture capitalists like to invest in innovative products, so there should not be a lack of capital.

4 0
3 years ago
Tucker's Trucking is considering a project with a discounted payback period just equal to the project's life. The projections in
Vinil7 [7]

Answer:

Break-even quantity= 9520 units

Explanation:

Giving the following information:

The projections include a sales price of $39.

Variable costs per unit of $14.

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The operating cash flow is $24,300.

Break-even quantity= Fixed costs/contribution margin

Break-even quantity= 238000/(39-14)= 9520 units

4 0
3 years ago
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