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
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
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Please give me answer general accounting

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
Transcribed Image Text: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
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