URGENT!!! Please help me understand this. A company has net income of $880,000; its weighted-average common...
URGENT!!! Please help me understand this.
A company has net income of $880,000; its weighted-average common shares outstanding are 176,000. Its dividend per share is $1.15, its market price per share is $102, and its book value per share is $97.00. Its price-earnings ratio equals:
Homework Answers
Price earning ratio = Market price per share / Earning per share
Earning per share = Net income / Weighted average common shares outstanding
Earning per share = $880,000 / 176,000 = $5
Price earning ratio = $102 / $5 = 20.4
Hence Price earning ratio equals to 20.4
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URGENT!!! Please help me understand this.
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Help Save&Exit Su Gargantic Inc. had net income of $90,000 for 2018; its weighted-average common shares outstanding for 2018 was 18,000 shares. The Company's dividend per share was $0.45, its market price per share was $88, and its book value per share was $76. What was Gargantic inc's pric/earnings ratio for 2018? Multiple Choice 176. 5.2 50 None of the other 3 answer choices is the correct price/eamings ratio for Gargantic Inc. for 2018 < Prev 4 of 10辮 Next>...
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please help with both questions
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