A company has a market value per share of $65.00. Its net income is $2,340,000 and the weighted-average number of shares outstanding is 390,000. What is the company's price-earnings ratio?
A company has a market value per share of $65.00. Its net income is $2,340,000 and the weighted-average number of shares outstanding is 390,000. What is the company's price-earnings ratio?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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I need assistance with this financial accounting problem using appropriate calculation techniques.
Transcribed Image Text:A company has a market value per share of
$65.00. Its net income is $2,340,000 and the
weighted-average number of shares outstanding
is 390,000.
What is the company's price-earnings ratio?
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