Maxwell Corporation had net income of $200,000 and paid cash dividends of $50,000 to its...
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Accounting
Maxwell Corporation had net income of $200,000 and paid cash dividends of $50,000 to its common stockholders for the current year. The weighted average number of common shares outstanding at year-end was 50,000. Maxwells $10, par value common stock is currently selling for $50 per share on the New York Stock Exchange. The price-earnings ratio for Maxwell Corporation is
2.50 times.
12.50 times.
16.67 times.
3.33 times.
Given the following data for Marigold Corp., compute cost of goods manufactured:
Direct materials used
$30000
Beginning work in process
$20000
Direct labor
110000
Ending work in process
10000
Manufacturing overhead
90000
Beginning finished goods
25000
Operating expenses
85000
Ending finished goods
15000
$220000
$240000
$230000
$250000
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