A company’s shares have a market value of $85 per share. Its net income is $3,500,000, and its weighted-average common shares outstanding is 700,000. Its price-earnings ratio is a. 5.9. c. 17.0. e. 41.2. b. 425.0. d. 10.4.

Q: Rye Company has provided the following information: • Weighted average number of outstanding common…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: At year end, National Corporation balance sheet showed total assets of P70,000,000, total…

A: Given: Total assets = P70,000,000, Total liabilities = P35,000,000 Preferred share capital =…

Q: James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has…

A: Book value per share is the amount of shareholder's equity which is attributable to holder of common…

Q: The book value of a company is $15 per share and the total commonstockholders’ equity is $45…

A: Common stock is the share of a company that gives ownership to a portion of the company. Companies…

Q: For the year 201B, ABC Company's return on common stockholders' equity was 12.5%. Its average…

A: Return on common stockholders' equity indicates the rate of earning of commons stockholders on their…

Q: On December 31, Noah Co. had 40,000 weighted average outstanding ordinary shares. During the year,…

A: Calculation of basic learning for shares is done then consideration of only ordinary shares is taken…

Q: Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000,…

A: Formula to calculate Earnings per share: EPS=Total earningsShares…

Q: A company has net income of $950,000; its weighted-average common shares outstanding are 190,000.…

A: given   A company has earnings per share net income of $950,000; its weighted-average common shares…

Q: The financial statements for Highland Corporation included the following selected information:…

A: The additional paid in capital is calculated as total money raised from share issuance less value of…

Q: On December 31, 2022, Voice Company had 500,000 ordinary shares issued and outstanding, 400,000 of…

A: SOLUTION- COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES - DATE NUMBER OF SHARES  MONTHS…

Q: A corporation purchases 5,595 shares of its own $3 par common stock for $25 per share, recording it…

A: Stockholders’ Equity (SE): Stockholders Equity refers to the right the owner possesses over the…

Q: Abs Company had 20,000 ordinary shares outstanding on January 1 of the current year. On May 1, the…

A: Earning per share: It implies to the earnings that is being received by the company's shareholders…

Q: earnings per share

A: We know that the formula to calculate earnings per share  Earnings per share - ( Net Income…

Q: Richards Corporation had net income of $305,067 and paid dividends to common stockholders of…

A: Price earnings ratio: It is the ratio used for valuing the company and to measure whether the…

Q: A corporation purchases 4,608 shares of its own $7 par common stock for $29 per share, recording it…

A: Whenever a corporation purchases some of its outstanding stock from its shareholders and does not…

Q: Peter Petroleum reported net income totaling $2.1 million for the year. The average number of shares…

A: Formula: PE = Share price / EPS

Q: The following information has been taken from the X Company Total common stock $50,000((5,000…

A: Dividends on preferred stock = 20,000 Market price per share = 20 Number of shares of common issue =…

Q: Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000;…

A: Participating preference share are those share which in addition to their preferential return are…

Q: Bingo's Fishin Shack has assets of $300,000, current liabilities of $30,000, and long term…

A: Book value per share can be calculated by dividing the total common stock value by the number of…

Q: Reagan Corp has net income of $843,800 for the year. Their share price is $13.54 and they have…

A: In the given question we require to compute the firm's price-earnings ratio.

Q: You are given the following information: Stockholders’ equity !$3.75 billion, price/earnings ratio !…

A: Given that:Stockholders’ equity (in balance sheet) is $3.75 billion or $3750 MillionCommon shares…

Q: The following data were gathered from the annual report of Tom Products:  Market price per share…

A: Book value per share  is calculated by dividing a company's common equity by the number of shares…

Q: A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to…

A: Book value per share= (Shareholder's equity- Preferred stock )/ Common stock shares

Q: The price-earnings ratio is closest to:

A: Formula: PE Ratio= Market Value Per ShareEarning Paer Share Earining Per Share= Net Income-…

Q: Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par…

A: Given:  Share capital, P30 par value, P3,000,000 Share premium, P600,000 Retained earnings,…

Q: Veranica corp has common stock is currently selling on a stock exchange at P85 per share, and its…

A: Formulas: Par value of preferred stock=Preferred equity / No. of outstanding preferred shares  Par…

Q: The Mike Corporation’s statement of financial position shows total shareholders’ equity of…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: Murray Company reports net income of $770,000 for the year. It has no preferred stock, and its…

A: Basic Earnings per share: It is a financial ratio. It is calculating by divides net earnings…

Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…

A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…

Q: Cases Unlimited reported operating income of $780,000, interest expense of $120,000,and net income…

A: Times interest earned ratio = Operating income / Interest expense.

Q: Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of…

A: No. of shares issued and outstanding = No. of shares issued - No. of treasury stock = 158963-79891 =…

Q: Trenton Company has provided the following Information: • Net Income, $320,000; • Preferred shares…

A: A ratio that provides information regarding the share price of a company by relating it to the…

Q: Trenton Company has provided the following Information: - Net income, $320,000; • Preferred shares…

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: Calculate EPS using net income. Beach Inc. Had 200,000 shares of

A: Earnings per share (EPS) = Net Income available for Equity shareholders/Average outstanding common…

Q: The PowerPoint Corporation has two classes of share capital outstanding: 9% (dividend rate), P20…

A: Ordinary shares- Ordinary shares, also known as common shares, are stocks sold on community barter.…

Q: Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in…

A: Price earnings (P/E) ratio refers to a ratio which shows the relationship between the earnings per…

Q: Mrila corp had net income of P232,000. The weighted average common shares outstanding were 80,000.…

A: Earnings per share is a measure of profitability used to find out profit derived by the company for…

Q: Davidson Company has 10,000,000 common shares issued and 500,000 shares of treasury stock. The…

A: No. of common shares issued and outstanding = No. of common shares issued  - shares of treasury…

Q: If a company had an issued ordinary share capital of​ £450,000, a share premium of​ £187,500, and a…

A: Shareholders equity is the term of accounting which is defined as the amount that states how the…

Q: For the year 201B, ABC Company's return on common stockholders' equity was 12.5%. Its average…

A: The ratio analysis is performed to analyze the different aspects of financial statements of the…

Q: The following data were gathered from annual report of Tomas products Market Price per Share #20.00…

A: Book value per share is the per share value of the share reported in the books of the entity.

Q: Mayan Company had net income of $132,000. The weighted-average common shares outstanding were…

A: Earnings Per Share - Earnings per Share is calculated by dividing net income with the Weighted…

Q: Safron Inc. has the following data about its common stock: Par value =$1 per share Authorized…

A: Treasury stocks are the stocks which were brought back by the company. The company's outstanding…

Q: A company’s shares have a market value of $85 per share. Its net income is $3,500,000, and its…

A: Earnings per share = Net income /  weighted-average common shares outstanding  = $3,500,000 /…

Q: Mave company has given the following data about its common stock:   Par value is=$1 per share…

A: Treasury stock or shares are the stock which was brought back by the company.   =Total shares issued…

Q: On December 31, Sulfur Corporation has the following data available: Net Income $100,000 $5 Market…

A: Earnings per share = (net income - preferred dividend)/Weighted average no. of common shares…

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The answer is as fallows

Q: 17. Following data were taken from the records of Bassam Company for year 2020: Sales…

A: Earnings per share are calculated by dividing the net income for common shareholders by the number…