Need help with this question solution general accounting A company has net income of $ 1,390,000. It also has179,000 weighted-average common shares outstandingand a market value per share of $169. The company'sprice-earnings ratio is equal to:

Step 1: Define Price-Earnings RatioPrice-Earnings Ratio is a financial ratio which compares the…

Answered: A company has net income of $…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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A company has net income of $ 1,390,000. It also has 179,000 weighted-average common shares outstanding and a market value per share of $169. The company's price-earnings ratio is equal to: