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Allushta [10]
2 years ago
9

If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per sharE

Business
1 answer:
earnstyle [38]2 years ago
7 0

Answer:

$154

Explanation:

Earnings yield = earnings / price

earnings yield = 0.025

eps = $3.85

0.025 =  $3.85 / price

Price = $154

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The company's adjusted trial balance as follows includes the following accounts balances:
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Expense & revenue summary a/c (credit balance) = $3500

Explanation:

  1. Dr  Expense & revenue summary 52500

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                          Cr Sales return & allowance   3000

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2. Dr Sales    56000

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3.  Dr Expense & revenue summary a/c 3500

                         Cr  Retained earning a/c           3500

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3 years ago
Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $134,000 on sales of $2,310,000. Division B is able
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Answer:

a. Division A = 5.80 %, Division B = 8.95 %

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