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
icon
Related questions
Question

Do fast answer of this accounting questions

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
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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning