Question : 141. For 2008, net income $250,000, shares outstanding 80,000, and the : 1234218

 

141. For 2008, net income is $250,000, shares outstanding are 80,000, and the market price is $24. What is the price-earnings ratio on common stock (round to one decimal point?) A. 3.1B. 7.7C. 34.9D. 2.5

142. Based on the following information, what is Company B’s price-earnings ratio? 

 

Company A

Company B

Market price per share

$70.00

$85.00

Earnings per share

14.00

11.00

Dividends per share

0.05

0.10

Investor’s cost per share

40.00

50.00

 

 

 

 A. 935B. 7.73C. 5.00D. 0.13

143. The balance sheets at the end of each of the first two years of operations indicate the following: 

 

2008

2007

Total current assets

$500,000

$450,000

Total investments

100,000

50,000

Total fixed assets

900,000

600,000

Total current liabilities

200,000

75,000

Total long-term liabilities

400,000

225,000

Preferred 9% stock, $100 par

100,000

100,000

Common stock, $10 par

500,000

500,000

Paid-in capital in excess of par-

 

 

  common stock

50,000

50,000

Retained earnings

250,000

150,000

 

 

 

For 2008, net income is $125,000, interest expense is $40,000, and the market price is $25. What is the price-earnings ratio on common stock (round to one decimal point)? A. 10.0B. 10.8C. 14.7D. 7.6

144. Companies merge in order to create synergy. All of the statements below represent strategies to create synergy except A. reduce costsB. replace managementC. horizontal expansionD. reduce selling price

145. An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale? A. $4,350 gainB. $400 gainC. $400 lossD. $16,800 loss

146. Patterson Company owns 83% of the outstanding stock of Taylor Company. Taylor Company is referred to as the A. parentB. minority interestC. affiliateD. subsidiary

147. Greg Company owns 87% of the outstanding stock of Kay company. Greg Company is referred to as the A. parentB. minority interestC. affiliateD. subsidiary

148. For 2008, net income is $240,000, shares outstanding are 80,000, and the market price is $24. What is the price-earnings ratio on common stock (round to one decimal point?) A. 8.0B. 7.7C. 10.0D. 3.0

149. Based on the following information, what is Company X’s price-earnings ratio? 

 

Company X

Company Y

Market price per share

$60.00

$75.00

Earnings per share

15.00

12.00

Dividends per share

0.05

0.10

Investor’s cost per share

40.00

50.00

 

 

 

 A. 4.00B. 6.25C. 5.00D. 1.50

150. Based on the following information, what is Company Y’s price-earnings ratio? 

 

Company X

Company Y

Market price per share

$60.00

$75.00

Earnings per share

15.00

12.00

Dividends per share

0.05

0.10

Investor’s cost per share

40.00

50.00

 

 

 

 A. 4.00B. 6.25C. 5.00D. 1.50

 

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