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Author Question: If a firm has 100,000 shares of common stock outstanding and has just recorded a $45,000 profit, ... (Read 40 times)

Jipu 123

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Question 1

Find the return on assets if net income was $55,000, total assets are $115,000, EBIT was $100,000, and equity is $75,000.
◦ 73.3%
◦ 63.1%
◦ 87.0%
◦ 47.8%
◦ 55.0%

Question 2

If a firm has 100,000 shares of common stock outstanding and has just recorded a $45,000 profit, what is its price/earnings ratio if its current share price is $35?
◦ 0.78
◦ 0.45
◦ 14.00
◦ 45.00
◦ 78.00


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Marked as best answer by Jipu 123 on Apr 25, 2021

lauravaras

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Jipu 123

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


amynguyen1221

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Reply 3 on: Yesterday
Excellent

 

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