A company has net income of $3,937,500. It also has 525,000 weighted-average common shares outstanding and a price-earnings ratio of 20.5. What is the market value per share of this company's stock? a. $2,733.33 b. $2.85 c. $0.37 d. $153.75 e. $25,610
A company has net income of $3,937,500. It also has 525,000 weighted-average common shares outstanding and a price-earnings ratio of 20.5. What is the market value per share of this company's stock? a. $2,733.33 b. $2.85 c. $0.37 d. $153.75 e. $25,610
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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