Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...

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Cullumber Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and i

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Liabilities and Stockholders Equity Current liabilities $3,121,000 $2,846,000 Long-term debt 3,702,700 3,892,650 Total liabi

Operating expenses 2,840,300 2,634,100 Net operating income 2,036,700 1,681,200 Interest expense 378,000 308,650 Net income b

Your answer is correct. Calculate the earnings per share (average of 361,000 shares outstanding for the year) for 2016. (Roun

business accounting

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Answer 1

Answer #1

Solution:

Price earning ratio = Market price / Earning per share

= $45 / $3.13

= 14.38

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Answer 2

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