Current Attempt in Progress Ayayai Industrial's weighted average number of common shares is 1,400,000. The...

60.1K

Verified Solution

Question

Accounting

image

Current Attempt in Progress Ayayai Industrial's weighted average number of common shares is 1,400,000. The shares are currently trading at $ 12 per share on the Toronto Stock Exchange. If Ayayai's net income was $ 2,800,000 for the year-ended and there are no preferred shareholders, what is its basic earnings per share and current price-earnings ratio? (Round answers to 2 decimal places, e.g. 2.10 or 2.10%.) Basic earnings per share $ Current price-earnings ratio times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students