Determining the price-earnings ratio
The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $22. What is the price-earnings ratio?
5.39
8.98
11.42
13.15
14.27
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Russell's Deli has cash of $136, accounts receivable of $95, accounts payable of $210, and inventory of $409. What is the value of the quick ratio?
The Interest Receivable account for February showed transactions totaling $8,500 and an adjustment of $11,200.All of the following responses are correct except:
Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt ratio of 78 percent. What is the return on equity?
The balance in the Accrued Wages Payable account increased from $12,200 at the beginning of the month to $15,000 at the end of the month. Wages accrued during the month totaled $61,000.
The monthly payments on both graduated-payment loans and growing-equity loans increase over time. Despite this similarity, the two types of loans have different purposes. What is the motivation behind each type of loan?
Bad debt expense is recognized in the same accounting period as the revenue that is related to the receivable because:
With respect to the write-off of an uncollectible account receivable against the allowance for bad debts, a sound system of internal control would require:
An organization's system of internal control is designed primarily to: A. ensure that no employees steal the organization's property. B. increase efficiency by letting one employee handle all aspects of a transaction from beginning to end.
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