Assignment task: Ducat Company has 2,000 outstanding shares and a Price/Earnings (P/E) ratio of $10.46.
During the year Ducat had sales for $239400 that includes a 30% mark up.
Assume a 365 day year.
Required 1: If both earnings per share and share price double next year, by how much will the P/E ratio change?
Required 2: If the market price of each outstanding common share is $100, determine the Net Income of the period.
Required 3: Ducat's Gross profit percentage is (report it as multiplied by 100 to represent it as a percentage):
Required 4: If the market price of each outstanding common share is $100, Ducat's Return on Sales is (report it as multiplied by 100 to represent it as a percentage):
Required 5: If the market price of each outstanding common share is $100, determine the Earnings Per Share.