Need help with this 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-earningsratio equals:1. 20.92.4.23. 14.64. 20.0

Step 1: Define Price-earnings ratioThe Price-earnings ratio shows the relationship between market…

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: 1. 20.9 2.4.2 3. 14.6 4. 20.0