The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $295,000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' Equity $295,000 Income Statement Sales revenue $ 85,000 Cost of goods sold 45,000 GrosS profit 40,000 Operating expenses 20,000 Net income $ 20,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share on common stock 0.90 Cash provided by operations $30,000 What is the price earnings ratio for this company? 6.0 times 25 times 4.0 times 8.0 times

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $295,000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' Equity $295,000 Income Statement Sales revenue $ 85,000 Cost of goods sold 45,000 GrosS profit 40,000 Operating expenses 20,000 Net income $ 20,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share on common stock 0.90 Cash provided by operations $30,000 What is the price earnings ratio for this company? 6.0 times 25 times 4.0 times 8.0 times

Name: The following information pertains to Unique Company. Assume that all
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Description: The following information pertains to Unique Company. Assume that all balance sheet amounts representboth average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-terminvestments $ 40,000 Accounts receivable (n

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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