question archive The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2Year 1Total current assets$613,137$554,523Total investments65,57152,386Total property, plant, and equipment857,810629,062Total current liabilities110,00780,868Total long-term liabilities324,900239,112Preferred 9% stock, $100 par93,34893,348Common stock, $10 par523,822523,822Paid-in capital in excess of par-common stock69,66569,665Retained earnings414,776229,156 Using the balance sheets for Kellman Company, if net income is $114,398 and interest expense is $36,688 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)? a
The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2Year 1Total current assets$613,137$554,523Total investments65,57152,386Total property, plant, and equipment857,810629,062Total current liabilities110,00780,868Total long-term liabilities324,900239,112Preferred 9% stock, $100 par93,34893,348Common stock, $10 par523,822523,822Paid-in capital in excess of par-common stock69,66569,665Retained earnings414,776229,156 Using the balance sheets for Kellman Company, if net income is $114,398 and interest expense is $36,688 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)? a
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The balance sheets at the end of each of the first two years of operations indicate the following:
Kellman Company Year 2Year 1Total current assets$613,137$554,523Total investments65,57152,386Total property, plant, and equipment857,810629,062Total current liabilities110,00780,868Total long-term liabilities324,900239,112Preferred 9% stock, $100 par93,34893,348Common stock, $10 par523,822523,822Paid-in capital in excess of par-common stock69,66569,665Retained earnings414,776229,156
Using the balance sheets for Kellman Company, if net income is $114,398 and interest expense is $36,688 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)?
a.11.34
b.14.85
c.2.02
d.10.90
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