Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. barbur, inc. reported net income of $10.5625 milli

Barbur, Inc. reported net income of $10.5625 million. During the year the average number of...

80.2K

Verified Solution

Question

Accounting

Barbur, Inc. reported net income of $10.5625 million. During the year the average number of common shares outstanding was 3.25 million. The price of a share of common stock at the end of the year was $5. There were 500,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The Price/Earnings Ratio is approximately:

Multiple Choice

  • 3.25.

  • 1.54.

  • 4.09.

  • 7.70.

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

Kidney stones occur when solid material blocks the flow of urine in the renal system. Although...

Medical Sciences
Q

Give a vector parametric equation for the line that passes through the point (2,0,5), parallel to...

Advance Math
Q

2 Dimples are a dominant trait If a man who is homozygous dominant for dimples...

Biology
Q

An alien life form was found to have only an anion Q which has an...

Biology
Q

1 Using the circle fill in the table Secant Line Tangent Line Radius Diameter Chord...

Geometry
Q

Given x can be described by the set of points 2 1 1 2 0...

Algebra
Q

Gill Co. prepared an aging of its accounts receivable at December 31, 20x5, and determined...

Accounting
Q

tyice Department Chroes and Activity bases Idder Corporation,...

Accounting
Q

Company Z_Flip has just raised financing 30 on 70 where Landmark VC included standard participating...

Accounting
Q

Smoky. Mountain Corporation makes two types of hiking boots-Xtreme and Pathfinder. Data concerning these two...

Accounting
Q

qualified replacement property that he acquired six months later for $389,950. What is the amount...

Accounting
Q

40 which are allowing met de account of detenersi account DIS Shefur Se of good...

Accounting