31-12 31-122019 2020655Alex & CoAlex & CoyearBalance Sheet ($m)Current AssetsCash & Bank DepositsTrade ReceivablesIncome Statement ($m)Sales Revenue [b]|- Cost of Goods Sold [c]20203,149-2,279870-3378838615123628927741626Gross ProfitSelling, General & Admin Costs- Other Operating CostsDepreciation ExpenseProfit before Interest & Tax|- Interest Expense|- Uncollectible Receivables+ Other Operational Income- Other Operatinal Expense+/- Net InvestmentIncome (Expense)78InventoriesPrepaid ExpensesOther Current AssetsNon-Current AssetsPlant, Machinery& Equipment, netLand & BuildingsOther Non-Current Assets33-83U L.-144361113422612-35241375-41762325-6Total AssetsCurrent LiabilitiesShort-Term Bank LoansTrade PayablesInterest PayableCorporate Tax PayableAccrued ExpensesOther Current LiabilitiesLong-Term LiabilitiesTotal LiabilitiesOwner's EquityPaid-in Capital [a]Equity ReservesRetained EarningsCurrent Period Profit(Profit after Tax)() Declared Dividends [d]Total Liabilities& Owner's Equity1,077 1,4951328544963Profit before TaxCorporate Tax on Profit413Please calculate115224-91the Price-Earnings (P/E)Current Period Profit478322(Profit after Tax) [e]4448Ratio28of "Alex & Co"40[a] Face value of each share is $ 0.2587 Market value at 2019 year-end was $ 0.85and at 2020 year-end it was $ 1.3534at year-end 2020,financial statements of102536which are givenon the right;387959 [b] Share of sales made on credit = 83%400690[c] Cost of Goods Sold for year 2020:34400Opening Inventories =+ Purchases = 2,406- Closing Inventories =Cost of Goods Sold = 2,279-60 Share of purchases made on credit = 88%31289state134263your calculationsstep by stepand explicitly.-416160322-35[d] Dedared Dividends are paidin the following year.1,077 1,495[e] Assume Current Period Earnings available for Dividends = Profit after Tax.

Price earning ratio = Market Share PriceEarnings Per Share Earnings Per Share = Profit After…

Answered: Please calculate the Price-Earnings…

Please calculate the Price-Earnings (P/E) Ratio of "Alex & Co" at year-end 2020, financial statements of which are given on the right; state your calculations step by step and explicitly.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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