Business

10 July, 02:15

Flex Co. just paid total dividends of $1,100,000 and reported additions to retained earnings of $3,300,000. The company has 725,000 shares of stock outstanding and a benchmark PE of 17.4 times. What stock price would you consider appropriate?

a. $95.04

b. $79.20

c. $105.60

d. $26.40

e. $100.32

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Flex Co. just paid total dividends of $1,100,000 and reported additions to retained earnings of $3,300,000. The company has 725,000 shares ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in North America?

Which one of the following statements is true? a) In a job-costing system, individual jobs use different quantities of production resources b) In a process-costing system each unit uses approximately the same amount of resources.

Josie, an accounting supervisor in monk & sons realty, instructs maria, her employee, to make certain accounting entries in the company's books that will increase revenue.

Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020 for $420,000. During 2020, Park earned $120,000 and paid dividends of $60,000. During 2021, Park earned $160,000 and paid dividends of $50,000 on April 1 and $40,000 on December 1.

How can an employer and job applicant benefit from a interview

New Questions in Business

1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.

Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.

Transfer payments are not included in gdp calculation because these are

In which year were tobacco commercials banned from network television in the united states?

Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.