Shown Below Are Selected Data from the Financial Statements of Noble

question 130

Multiple Choice

Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the per share data.)
$$\begin{array} { | c | r | } \hline \text { Income statement data: } & \\\hline \text { Sales } & \$ 3,500 \\\hline \text { Cost of goods sold } & 1,890 \\\hline \text { Operating expenses } & 675 \\\hline \text { Profit } & \$ 115 \\\hline & \\\hline \text { Balance sheet data: } & \\\hline \text { Average total equity } & \$ 540 \\\hline \text { Average total assets } & \$ 4,400 \\\hline\end{array}$$
Per share data (these amounts stated in actual dollars, not millions) :
Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year end, the Wall Street Journal listed Noble's shares as trading at $81 per share.
-Refer to the above data. Noble's price/earnings ratio at year end was:

• A) .7.
• B) 13.5.
• C) 17.
• D) Some other amount.

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Definitions:

Overseas Assignments

Job roles that require employees to work in a foreign country temporarily or permanently.

Struggling to Fit In

The experience of finding it challenging to adapt or become accepted within a new or existing social or work environment.

Internationalization

The process of designing products and services so that they can easily be adapted to meet the needs of users in various countries.

HR-Related Challenges

Issues or difficulties related to the management of human resources in an organization, which can include recruitment, retention, employee relations, and compliance with labor laws.