Rodgers has just completed its financial statements for the year ended 30 June 20X6. It is reporting a net profit of $1,250,000 for the current year, and has $1 million of 50 cent shares in issue. The current market price of Rodgers' shares is $3.50. What is the Price Earnings (P/E) ratio of Rodgers for the year ended 30 June 20X6?

Rodgers has just completed its financial statements for the year ended 30 June 20X6. It is reporting a net profit of $1,250,000 for the current year, and has $1 million of 50 cent shares in issue. The current market price of Rodgers' shares is $3.50. What is the Price Earnings (P/E) ratio of Rodgers for the year ended 30 June 20X6?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

On October 25, Illinois Company had a market price per share of common stock of $33. For the previous year, it paid an annual dividend of $2.31. What is the dividend yield for Illinois Company? a. 14% b. 7% C. 2% d. None of these choices are correct.
Brandies, Incorporated reported net income of $9.66 million. At the beginning of the year, 4.1 million shares of common stock were outstanding and at the end of the year, 4.3 million shares were outstanding. No dividends were declared. The EPS is: Multiple Choice $2.30. $2.25. $2.36. $1.15.
Crane Jewelers management announced that the company had net earnings of $4,356,000 for this year. The company has 1,613,000 shares outstanding, and the year-end stock price is $68.91. What are Crane’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)
On June 30th, Ray Corporation had a market price of $100 per share of common stock. For the previous year, Ray paid an annual dividend of $8.00 per share. Compute the dividend yield rate for ray Corporation.
During the current year, Zenith Corp. generated $250,000 of net income from $4,000,000 of revenue. Zenith's stock price is $80 per share, with 20,000 shares of stock outstanding, and a book value of equity equal to $1,500,000. Compute Zenith's Price/Earnings ratio. Question 50 options: 16.0 6.4 31.3 2.5
At the market close of a recent year, McDonald’s Corporation had a closing stock price of $198.01. In addition, McDonald’s Corporation had a dividend per share of $4.19 during the previous year. Determine McDonald’s Corporation’s dividend yield. Round to one decimal place.fill in the blank 1%
North Company has a common stock price of $72. The latest reported earnings per share were $4.80 and dividends per share were $1.60. The return on equity (ROE) is 8%. The cost of equity is closest to:
Kawther Inc. has net income of $200,000, average equity/ordinary shares outstanding of 40,000, and preferred dividends for the period of $20,000. What is Kawther’s earnings per share?
yellow Fire had Net Income for the year just ended of $1,850, and the firm paid out $500 in cash dividends. The company currently has 10,000 shares of common stock outstanding, and the stock currently sells for $240 per share. �What is the PE ratio?
The Crestar Company reported net income of $142,600 on 26,000 average outstanding common shares. Preferred dividends total $12,600. On the most recent trading day, the preferred shares sold at $56 and the common shares sold at $86. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) Multiple Choice 15.68 17.20 18.23 None of these answers are correct.
ViewPoints Security's financial statements, which were constructed a few days ago, report the companys has $1 million of common equity with 500,000 shares of common stock outstanding and its net income was $2.1 million. If ViewPoint's common stock currently sells for $33.60 per sahre, what are (a) P/E ratio and (b) M/B ratio?
Algo Plc reported total revenue for 2019 of £1.3 million. Algo's 2019 shares outstanding were 1.4 million. The price/sales (P/S) ratio for Micro Plc, a close competitor of Algo, is 9.5. What could Algo's price per share be based on the data given (round it to two decimal points)?