Reference no: EM131915234
Question
California Accessories Company had earnings after taxes of $360,000,000 in 2013 with 28,000,000 shares of stock outstanding.
The stock price was $342. In 2014, earnings after taxes increased to $425,000,000 with the same 28,000,000 shares outstanding.
The stock price was $461.00. In 2015, earnings after taxes declined to $215,000,000 with the same 28,000,000 shares outstanding.
The stock price declined to $317.30.
a. Compute earnings per share and the P/E ratio for 2013.
b. Compute earnings per share and the P/E ratio for 2014.
c. Compute earnings per share and the P/E ratio for 2015.
d. Give a general explanation of why the P/E changed.
You might want to consult the textbook to explain this surprising result.
|
What form of ethical reasoning did autry seem to employ
: Fifty-year-old Wesley Autry, waiting with his two young daughters in January 2007 at a New York City subway station, saw a man collapse and fall off the passeng
|
|
Two stocks to be correctly priced relative to each other
: What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
|
|
What is the annual operating cash flow-ocf-from project
: Calculate the project's internal rate of return. What is the annual operating cash flow, OCF, from this project?
|
|
Discuss the century-old policy
: Toyota has tried to continue its half-century-old policy of not laying off permanent employees. When Toyota halted production in some of its U.S. plants.
|
|
Give a general explanation of why the p or e changed
: Compute earnings per share and the P/E ratio for 2013.Compute earnings per share and the P/E ratio for 2014.
|
|
What scientific advancements will be made in the study
: What scientific advancements will be made in the study of gender as the field becomes less patriarchal, and as a healthy combination of reductionism forms.
|
|
What is the quick ratio
: The Dry Dock has inventory of $431,700, accounts payable of S94.200, cash of S51.950, and accounts receivable of $103,680. What is the cash ratio?
|
|
How much money for the new year should be anticipated
: How much money for the new year should be anticipated of uncollectible accounts if accounts receivable was $17,000 and uncollectible accounts Is $440
|
|
What process will you use to persuade them
: What process will you use to persuade them this would benefit your global management consulting firm - It is important to consider the intangible variables
|