need help on the price earnings ratio You are considering...

80.2K

Verified Solution

Question

Accounting

need help on the price earnings ratio
image
image
You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $13.80 million and common stock dividends of $1.70 million. Roxie's year-end balance sheet shows common stockholders' equity of $51.5 million with 15 million shares of common stock outstanding. The common stock's market price per share was $8.50 What is Roxie's Bed & Breakfast's book value per share? (Round your answer to 2 decimal places.) Answer is complete and correct. Book valus per share What is Roxie's Bed & Breakfast's earnings per share? (Round your answer to 2 decimal places.) Answer is complete and correct. 1.03 Calculate the market-to-book ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. 2.48 times Market-to-book ratio Calculate the price-earnings ratio, (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. mings ratio 8.30 times

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students