question 98
Multiple Choice
The following information pertains to Cheng Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. All amounts are in thousands except per share items. Assets Property, plant and equipment Inventory Accounts receivable (net) Cash and short-term investments Total Assets Equity and Liabilities Shareholders’ equity-ordinary Non-current liabilities Current liabilities Total Equity and Liabilities ¥215,00025,00030,00040,000¥310,000¥155,00095,00060,000¥310,000 Assets Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income Number of ordinary shares Market price of ordinary shares Dividends per share ¥90,00045,00045,00020,000¥25,0006,000$201.00 What is the price-earnings ratio for Cheng?
Definitions:
Discretionary Spending
Non-essential expenditures that individuals choose to make out of their available income after fulfilling all necessities.
Affordable Fitness Center
A gym or physical fitness facility offering memberships or services at a price that is reasonable or lower than average.
Nontraditional Student
A term for students who pursue tertiary education who may not fit into the traditional college-aged student demographic, often due to delayed enrollment, part-time attendance, or other life circumstances.
Student Loans
Financial loans provided to students to help cover educational expenses, which typically must be repaid after graduation.