Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 8.00

current assets

The following balance sheets at the end of each of the first two years of operations indicate the following:

Total current assets:

2010- $600,000 2009- $560,000

Total investments:

2010- 60,000 2009- 40,000

Total property, plant, and equipment:

2010- 900,000 2009- 700,000

Total current liabilities:

2010- 125,000 2009- 80,000

Total long-term liabilities:

2010- 350,000 2009- 250,000

Preferred 9% stock, $100 par

2010- 100,000 2009- 100,000

Common stock, $10 par

2010- 600,000 2009- 600,000

Paid-in capital in excess of par-common stock:

2010- 60,000 2009- 60,000

Retained earnings:

2010- 325,000 2009- 210,000

If net income is $115,000 and interest expense is $30,000 for 2012, and the market price is $30, what is the price-earnings ratio on common stock for 2012 (round to one decimal point)?

 

 

 

a. 14.4

 

b. 16.9

 

c. 13.3

d. 12.1

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 03:08 PM My Price 8.00

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