Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question no 18 (8 points) the following informatio

Question No 18 (8 points) The following information pertains to Mountain Sports Inc. (MSI): ...

80.2K

Verified Solution

Question

Finance

image

Question No 18 (8 points) The following information pertains to Mountain Sports Inc. (MSI): In 2019, MSI registered a gross profit margin of 75 percent on revenues of $16 million. The stock of MSI is currently trading at $18.20 per share. There are four million shares outstanding. The company's 2019 net income was $5.2 million. Based on this information above, what was MSI's cost of goods sold in 2019? What is the company's Price to earnings (P/E) ratio based on the most recent income (i.e., income of 2019)

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

Biology
1.2K views

select a model or theory of individual health behavior and describe an example from the research...

Chemistry
1.2K views

The rate constant of the elementary reaction 2HI(g) H2(g) +I2(g) is k = 1.97 L mol-1...

Biology
1.2K views

The following chart show the results of cloning nuclei from several cell lines (e.g. v6.5, v18.6,...

Mechanical Engineering
1.2K views

Question 2 – ​​​​​​​​​​ Concord Air Express decided to offer direct service from Cleveland to Myrtle Beach....

Biology
1.2K views

Cyanide interferes with Cytochrome C O True False

Geometry
1.2K views

What are the coordinates of the center of X 2 Y 3 49 Select one...

Basic Math
1.2K views

Simplify the expression.z+zx + 3z + 3x / z+ 3

Basic Math
1.2K views

Let f(x) = 5x + 3 and g(x)= 2x + 2x. Find (f + g)(x).(f+g)(x)...

Basic Math
1.2K views

A company manufactures electronic pedometers. One out of 60 pedometers Is faulty, but the company...

Accounting
1.2K views

To calculate the annual foxed cost while keeping the model floxible, the following should be...

Accounting
1.2K views

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect...

Accounting
1.2K views

Does anyone have the year end worksheet for the Systems understanding aid 9th edition for...