Problem 2-26 Book value and P/E ratio [LO2, 3] Amigo Software, Inc., has total a

Question

Problem 2-26 Book value and P/E ratio [LO2, 3]

Amigo Software, Inc., has total assets of $800,000, current liabilities of $150,000, and long-term liabilities of $120,000. There is $65,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued. There is $48,000 in earnings available to common stockholders.

If the firm sells at 2.5 times book value per share, what will the P/E ratio be? (Do not round intermediate calculations. Enter only numeric value rounded to the nearest whole number.)

Amigo Software, Inc., has total assets of $800,000, current liabilities of $150,000, and long-term liabilities of $120,000. There is $65,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued. There is $48,000 in earnings available to common stockholders.

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