Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. napoli industries had net income for year 2 of $87

Napoli Industries had net income for Year 2 of $877,500. Napoli had an average number...

50.1K

Verified Solution

Question

Accounting

Napoli Industries had net income for Year 2 of $877,500. Napoli had an average number of shares outstanding at the end of the year of 675,000 shares. On January 1, Year 2, the market price of Napoli's stock was $39 per share. On December 31, Year 2, the market price was $42 per share. What is the price-earnings ratio for Napoli at the end of Year 2?

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

Discuss best practices for evaluating the performance and effectiveness of the IT governance structure. What should...

Operations Management
Q

When you design functional foods, what factors do you consider? (list factors no explanation)

Biology
Q

Which of the following does not secrete hormones as a part of the endocrine system? Pancreas Ovaries and...

Medical Sciences
Q

This is MRI. If a sample is put in a magnetic field with B0=1.5T (the most common...

Electrical Engineering
Q

A compression spring has a diameter of 0.67 in and a coil diameter of 0.067 in,...

Mechanical Engineering
Q

In the Gal pagos Islands Darwin found many species specific to the various islands He...

Biology
Q

Which term best describes what happened in restaurants during the 1950s in America A assimilated...

Biology
Q

17 A uniform rod of mass m and length 1 is kept vertical with the...

Physics
Q

3 Melinda has red blue and black pens 10 of her pens are blue 30...

Algebra
Q

Julie paid a daycare center to watch her two-year-old son while she worked as a...

Accounting
Q

Futura Company purchases 67,000 starters from a supplier at $12.20 per unit that it installs...

Accounting
Q

Question 2 10 pts The zoning floor area ratio (FAR) is greater in downtown areas...

Finance