Multiple Choice
Barbur,Inc.reported net income of $12 million.During the year the average number of common shares outstanding was 3 million.The price of a share of common stock at the end of the year was $5.There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The Price/Earnings ratio is approximately:
A) 1.00.
B) 1.25.
C) 1.42.
D) 6.25.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: At the end of the prior year,Atoka
Q5: Preferred stock is generally classified as stockholders'
Q6: Match each term with the appropriate definition.Not
Q7: Match each term with the appropriate definition.Not
Q8: The journal entry to record a large
Q10: If Crystal Spring Company's P/E ratio is
Q11: The rights of current stockholders to purchase
Q12: Stockit Inc.has 1,000 shares of 5%,$100 par
Q13: A company has outstanding 10 million shares
Q14: Typically,a profitable company that pays little or