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A company has net income of $2,450,000. It also has 245,000 weighted- average common shares outstanding and a market value per share of $185. The company's price-earnings ratio is equal to:

A company has net income of $2,450,000. It also has 245,000 weighted- average common shares outstanding and a market value per share of $185. The company's price-earnings ratio is equal to:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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 $2,450,000. It also has 245,000 weighted- average common shares outstanding and a market value per share of $185. The company's price-earnings ratio is equal to:
Transcribed Image Text:A company has net income of $2,450,000. It also has 245,000 weighted- average common shares outstanding and a market value per share of $185. The company's price-earnings ratio is equal to:
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