Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $9,216,000 and has issued 5,120,000 shares of common stock. The stock is currently selling for $33 a share. a. Calculate the earnings per share for National Computers. (Round your final answer to 2 decimal places.) Earnings per share $b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your final answer to 2 decimal places.) Price-earnings ratio
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A new firm is developing its business plan. It will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year.
Answers (1)
If nominal GDP rises we can say that A. production has risen or prices have risen or both have risen. B. prices have risen and production remains constant. C. production has risen and prices remain constant. D.
Answers (1)
Fielder Company obtained by issuing 2,000 shares of its $10 par value common stock. The land was recently appraised at $85,000. The Common Stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of land.
Answers (1)
On December 31, Key Co. received two $10,000 noninterest-bearing notes from customers in exchange for services rendered. The note from Alpha Co., which is due in 9 months, was made under customary trade terms, but the note from Omega Co.
Answers (1)
Associated Breweries is planning to market alcohol-free beer. To finance the venture it proposes to make a rights issue at $10 of one new share for each two shares held. (The company currently has outstanding 100,000 shares priced at $40 a share.
Answers (2)
New Questions in Business
Without trade, arturo produced and consumed 240 tacos and 120 burritos and dina produced and consumed 100 tacos and 150 burritos.
Answers (1)
If consumption spending increases from $758 to $767 billion when disposable income increases from $912 to $927 billion, it can be concluded that the marginal propensity to consume is
Answers (1)
With scarcity at the base of all material economics the key operating principle is
Answers (1)
In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 320 units at $5, (2) 420 units at $7, and (3) 520 units at $8.
Answers (1)
If employees are bonded Group of answer choices they have worked for the company for at least 10 years. it means that they are not allowed to handle cash. it is impossible for them to steal from the company.
Answers (1)