Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246...
|
Sheet (Millions) |
Income Statement (Millions) |
|||||
|
Assets |
||||||
|
Cash |
1,290 |
Net Sales |
51,600 |
|||
|
Receivables |
9,890 |
Operating Costs |
48,246 |
|||
|
Inventory |
13,760 |
Depreciation |
903 |
|||
|
PP&E |
18,060 |
EBIT |
2,451 |
|||
|
Total Assets |
43,000 |
Interest |
927 |
|||
|
EBT |
1,524 |
|||||
|
Liabilities and OE |
Taxes |
534 |
||||
|
Accounts Payable |
8,170 |
Net Income |
990 |
|||
|
Notes Payable |
6,677 |
|||||
|
Wages Payable |
4,073 |
Other Data |
||||
|
Long Term Bonds |
8,815 |
Shares Outstanding (millions) |
750 |
|||
|
Total Equity |
15,265 |
Common Dividends (millions) |
$346.67 |
|||
|
Total Liabilities and OE |
43,000 |
Current Interest Rate |
6.25% |
|||
|
Tax rate |
35%
|
|||||
| Calculate P/E Ratio. Show all work |
Homework Answers
Solution:
P/E Ratio = Market price per share ÷ Earnings per share
Given, Market price per share = $35
Earnings per share = Earnings available to common shareholders ÷ shares outstanding
Earnings per share = $990millions ÷ 750millions
Earnings per share = 1.32
P/E Ratio = $35 ÷ 1.32 = 26.52
P/E Ratio = 26.52
Add Answer to:
Sheet (Millions)
Income Statement (Millions)
Assets
Cash
1,290
Net Sales
51,600
Receivables
9,890
Operating Costs
48,246...
Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs...
Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246 Inventory 13,760 Depreciation 903 PP&E 18,060 EBIT 2,451 Total Assets 43,000 Interest 927 EBT 1,524 Liabilities and OE Taxes 534 Accounts Payable 8,170 Net Income 990 Notes Payable 6,677 Wages Payable 4,073 Other Data Long Term Bonds 8,815 Shares Outstanding (millions) 750 Total Equity 15,265 Dividends (millions) $346.67 Calculate the TIE ratio. Show work for credit.
EXHIBIT 1 The balance sheet and income statement shown below are for Muller Industries. Note that...
EXHIBIT 1 The balance sheet and income statement shown below are for Muller Industries. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and Securities Accounts Receivable Inventories Total Current Assets Net Plant and Equipment Total Assets 2018 $2,290 10,890 12,760 $25,940 $20,060 $46,000 $7,170 8,020 Liabilities and...
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Complete a vertical and horizontal analysis on the tabs labeled
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balance sheet and net sales on the income statement for your
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Complete the excel. INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs...
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balance sheet and net sales on the income statement for your
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