Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a company provided the following informatio

Assume a company provided the following information: Earnings per share...

50.1K

Verified Solution

Question

Accounting

Assume a company provided the following information:

Earnings per share $ 1.20
Number of common shares outstanding, beginning of the year 45,000
Number of common shares outstanding, end of the year 55,000
Price-earnings ratio 12.50
Dividend yield ratio 0.50

The net income is closest to:

Multiple Choice

$65,000.

$60,000.

$41,667.

$55,667.

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

Tennindo, Inc. is starting up its? new, cost-efficient gaming system? console, the yuu. Tennindo currently has...

Finance
Q

create a function in matlab that sums two m x n matrices using nested loops, then...

Mechanical Engineering
Q

Against which hard structure do the circular and longitudinal muodes of work shell bristles hydrostatic...

Biology
Q

19 A metallic wire of lenght Larea of cross section A and youngs modulus Y...

Physics
Q

Try Yourself 6 Resistivity of a conductor of length and area of cross section A...

Physics
Q

Add the polynomials 5x 7x 9x 4x 12x 6x 12x

Basic Math
Q

What rule s of exponents applies to the following problem 4y Sy Select all that...

Basic Math
Q

5 Graph the line that has an x intercept of 3 0 and y intercept...

Algebra
Q

melodys piano school operations for the month of may were limited to the following transactions:...

Accounting
Q

48) One-time-only special orders should only be accepted if ________. A) incremental revenues exceed incremental...

Accounting
Q

The partnership of Butler, Osman, and Ward was formed several years as a local tax...

Accounting
Q

Coronado Inc. has negotiated the purchase of a new piece of automatic equipment at a...

Accounting