Hello tutor answer the accounting question A company has a market value per share of $73.00. Its netincome is $1,750,000 and the weighted-average number ofshares outstanding is 350,000.The company's price-earnings ratio equals:a. 20.9.b. 4.2.c. 14.6.d. 20.0.e. 6.8.

Step 1: Define Price-Earnings RatioThe Price-earnings ratio is the ratio of the market price per…

Answered: A company has a market value per share…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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A company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000. The company's price-earnings ratio equals: a. 20.9. b. 4.2. c. 14.6. d. 20.0. e. 6.8.