Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. as a shareholder of an oil company, you receive it

As a shareholder of an oil company, you receive its annual report. In the financial...

70.2K

Verified Solution

Question

Finance

As a shareholder of an oil company, you receive its annual report. In the financial statements, the firm reported assets of $11 million, liabilities of $6 million, after-tax earnings of $2 million, and 825,000 outstanding shares of common stock. a. Calculate the earnings per share of this oil companys common stock. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Earnings per share $ b. Assuming a share of this oil companys common stock has a market value of $40, what is the firms priceearnings ratio? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) Price-earnings ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Density is the number of individuals present in a certain area. Imagine that the population...

Biology
Q

Test the series for convergence or divergence 00 n 2 In n n Extra Credit...

Calculus
Q

27 Evaluate d 5 5 1 2 x 4 dx x a 5 5 b...

Calculus
Q

Factor the following complet Sorry that s incorrect Try again 75x 75x 18x

Algebra
Q

The radius of the wheel on a car is 32 inches. If the wheel is...

Algebra
Q

Chart of Accounts and Opening Balances 1st November Account...

Accounting
Q

Current Attempt in Progress Oriole Co. uses a periodic inventory system....

Accounting
Q

Use the NPV method to determine whether Preston Products should invest in the following projects:...

Accounting
Q

Telstar uses job order costing. The T-accounts below summarize its production activity for the year....

Accounting
Q

Marks business is worth $600,000 and has a basis of $400,000 and Dave has cash...

Accounting
Q

Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative...

Accounting
Q

Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet...

Accounting