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 $ 1.20...

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

Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: Current assets $30,000,000 Current liabilities $10,000,000 Fixed assets 50,000,000 Long-term...

Finance
Q

Define the term media convergence and then identify and explain three examples from three different mediums...

Psychology
Q

A large cubic thermal reactor, moderated and reflected by an infinite reflector of water, is fueled...

Physics
Q

What does the term “hylomorphism” mean in relation to Aristotle’s Physics and Metaphysics? Explain how this represents...

Psychology
Q

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay...

Accounting
Q

Using Fig1a png Fig1b png and Fig1c png answer the following question For values of...

Basic Math
Q

The equation r t 3t 9 i 5t j t2 k is the position of...

Calculus
Q

Below is the graph of the function y f x 11 1 8 1 0...

Calculus
Q

Question 4 5 5 37 Use a double angle identity to find the exact value...

Algebra
Q

Westcon Management Company (WMC) leased an assembly equipment on January 1, 2019 to Manchester Corporation...

Accounting
Q

5 R. 10 12 24 14 15 16 17 18 19 20 21 22 SAVE...

Accounting
Q

T Identify the wrong statement from the following. a. Revenues decreases the owners' equity O...

Accounting