A company has net income of $940,000; its weighted-average common shares outstanding are 188,000. Its dividend per share is $0.85, its market price per share is $96, and its book value per share is $88.00. Its price-earnings ratio equals?

19.2

Step-by-step explanation:

Net income                                   $940,000

No of shares outstanding             $188,000

Earning per share = Net income / no of shares outstanding  

Earning per share = 940,000 / 188,000

Earning per share = 5

Market price per share  = 96

Price earning ratio = Market price / Earning per share

Price earning ratio = 96 / 5  

Price earning ratio = 19.2

use an equation of ratios to determine the amount of gas needed to fill the tank.

    0.2             0.8

  =    

288.75             x

                                                              231 gal

so, 0.2x = (0.8)(288.75 gal), and x = = 1155 gal.

                                                                0.2

it would take 1155 gal. to fill the tank.

the cost would be

1155 gal         $3

* = $3465   (answer)

      1           1 gal

hope this you

its electric no smoke

step-by-step explanation: