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A company has a net income of $4,250,000. It also has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 18.5. What is the market value per share of this company's stock? a. $2,850.00 b. $3.45 c. $0.50 d. $130.98 e. $22,750

A company has a net income of $4,250,000. It also has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 18.5. What is the market value per share of this company's stock? a. $2,850.00 b. $3.45 c. $0.50 d. $130.98 e. $22,750

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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A company has a net income of $4,250,000. It also has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 18.5. What is the market value per share of this company's stock? a. $2,850.00 b. $3.45 c. $0.50 d. $130.98 e. $22,750

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