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: 1. 20.9 2.4.2 3. 14.6 4. 20.0

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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The company's price earnings ratio equal general accounting

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:
1. 20.9
2.4.2
3. 14.6
4. 20.0
Transcribed Image Text: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: 1. 20.9 2.4.2 3. 14.6 4. 20.0
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