question 117
Multiple Choice
Comparative financial statements for Cross, Inc.are shown below: Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant and equipment, net Total assets Liabilities and Stockholders’ Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Total liabilities Stockholders’ equity: Common stock Retained earnings Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity Net sales Cost of goods sold Gross margin Operating expense Operating income Interest expense Earnings before tax Income taxes Net income December 312018$89,103142,00096,70821,203349,014822,576$1.171.590$85,44338,112123,555302,430425,985600,000145,60514,700745,605$1,171,590 Year Ended December 312018$17,005,85212,250,2574,755,5953,585,6571,169,93828,5001,141,438342,431$799,0072017$68,203135,00085,6945,118294,015718,144$1012,159$62,39433,50795,901290,324386,225600,00025,9348,000625,934$1,012,1592017$13,809,5859,825,6143,983,9713,400,258583,71327,300556,413166,924$389,489 The market price per share of Cross, Inc.'s common stock is $103.00 at the end of 2018.Throughout both 2017 and 2018, there are 500,000 shares of common stock outstanding.How much is Cross, Inc.'s price-earnings ratio at the end of 2018?
Definitions:
Professional Goals
Objectives or targets that an individual aims to achieve in their career, focusing on advancement, skill development, or personal satisfaction.
Aligned
The state of being in agreement or conforming to predetermined specifications, standards, or objectives.
Tool Development
The process of creating, designing, and refining tools or software to facilitate tasks or solve specific problems.
Project Participants
Individuals or groups who have a stake in the success and outcomes of a project.