Fundamental Accounting Principles Study Set 5
Quiz 13: Accounting for Corporations
A Company's Shares Are Selling for $67
A company's shares are selling for $67.20 per share and its earnings per share is $3.50 for the current year. Calculate the price-earnings ratio.
Explore answers and all related questions
A company reported net income of $850,000 for the current year. The year-end market price per ordinary share was $12 and there were 425,000 weighted-average ordinary shares outstanding. Calculate the company's price-earnings ratio.
A company reported $990,000 in net income for the current year. Total weighted-average number of ordinary shares outstanding is 150,000 shares, and the year-end market price is $79.20 per ordinary share. Calculate the company's price earnings ratio.
A corporation reported net income of $3,730,000 and paid preference cash dividends of $100,000 during the current year. There were 600,000 weighted-average ordinary shares outstanding and the market price per ordinary share was $88.33 at year-end. Calculate the company's price-earnings ratio.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved