A company has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $84. The company's price earnings ratio equals: a. 15.6 b. 14.0 c. 6.0 d. 18.2
A company has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $84. The company's price earnings ratio equals: a. 15.6 b. 14.0 c. 6.0 d. 18.2
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6CE
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![A company has net income of $1,200,000. It has 200,000 weighted-average
common shares outstanding and a market value per share of $84. The
company's price earnings ratio equals:
a. 15.6
b. 14.0
c. 6.0
d. 18.2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6da75c3-10a5-45b6-9635-bc86658f01a3%2Fb9953491-d57d-462a-9a79-aaec7b194c65%2F2pyby6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company has net income of $1,200,000. It has 200,000 weighted-average
common shares outstanding and a market value per share of $84. The
company's price earnings ratio equals:
a. 15.6
b. 14.0
c. 6.0
d. 18.2
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