Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st
1 answer:
Answer:
$22.2222, $9.5238, respectively
Explanation:
The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:
The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:
The book value per share and earnings per share are $22.2222, $9.5238, respectively
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Answer:
Cost of Goods Sold = $1,700,000
Gross Proft = $1,740,000
Explanation:
We solve this assingemtn using the inventory identity:
We post the given and solve for the missing part:
640,000 + 2,020,000 = 960,000 + COGS
COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000
Next we use the COGS value to calculate the gross profit.
3,440,000 - 1,700,000 = 1,740,000