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Author Question: Canada Corp.s market price is currently $43 per share. If the firm reported net earnings of ... (Read 32 times)

fungirl

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on: Aug 7, 2023

Question 1

Canada Corp. recently reported total assets of $230,000 and total common equity of $82,000 on its balance sheet. If the firm’s P/E ratio is 17, what is the firm’s equity multiplier?

◦

2.80


◦

2.95


◦

3.20


◦

3.69



Question 2

Canada Corp.’s market price is currently $43 per share. If the firm reported net earnings of $8,000,000 on total outstanding common shares of 2.5 million, what is the firm’s P/E ratio?

◦

12.87


◦

13.44


◦

14.20


◦

15.00

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by fungirl on Aug 7, 2023

Mynameisrandom

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Reply #1 on: Aug 7, 2023
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fungirl

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Reply 2 on: Aug 7, 2023
Excellent

parshano

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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