Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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An analyst gathered the following
information about the company:
2021 net sales
R10 000 000
2021 net profit margin
5.0%
2022 expected sales growth
-15.0%
2022 expected profit margin
5.4%
2022 expected ordinary shares
outstanding
120 000
The analyst's estimate of the company's
2022 earnings per share should be closest
to...
a. R2.26
b. R2.72
C. R3.83
d. R4.17
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Transcribed Image Text:An analyst gathered the following information about the company: 2021 net sales R10 000 000 2021 net profit margin 5.0% 2022 expected sales growth -15.0% 2022 expected profit margin 5.4% 2022 expected ordinary shares outstanding 120 000 The analyst's estimate of the company's 2022 earnings per share should be closest to... a. R2.26 b. R2.72 C. R3.83 d. R4.17
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