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Compute the companys price-earnings ratio

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Reference no: EM132580140

Question 1 Diamond Corp has reported a net income of $840,800 for the year. The companys share price is $12.66 and the company has 315,270 shares outstanding. Compute the companys price-earnings ratio up to two decimal places.

Question 2 These items are parts of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment $41,7000

Common stock 15,000

Cash 5,300

Inventory 20,400

Bad debt reserve 6,000

Additional paid-in capital 6,000

Accumulated depreciation 28,200

Accounts receivable 22,000

Question 3 Hornet Inc Balance Sheet is below. What is Hornet Inc's total assets?

Accounts Payable and Accruals 65

Accounts Receivable 51

Accumulated Depreciation (175)

Cash 28

Common Stock 120

Fixed Assets (gross) 390

Inventory 123

Long-Term Debt 200

Retained Earnings 65

Reference no: EM132580140

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