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Home Q & A Board Other Fields Homework Help Business Accounting
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zer0latency zer0latency
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A month ago
The following data have been taken from the financial records of Bubba's Body Shop for the current year:

Current assets$  52,000
Long-term assets106,000
Current liabilities20,000
Long-term liabilities30,000
Total stockholders' equity108,000
Earnings per share8
Market price per share60
Dividend per share4
Required:

a.Calculate the price/earnings ratio.
b.Calculate the current ratio.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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jasmjasm
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A month ago
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More solutions for this book are available here
a.$60 ÷ $8 = 7.5
b.$52,000 ÷ $20,000 = 2.60
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