A company has net income of $50000 1500 shares of common stock outstanding, and stock price is currently trading at $41.00 per share. What is th price-earning ratio? Round to two places past the decimal point. Your Answer:

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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A company has net income of $500000, 150000 shares of common stock
outstanding, and stock price is currently trading at $41.00 per share. What is the
price-earning ratio? Round to two places past the decimal point.
Your Answer:
Answer
Transcribed Image Text:A company has net income of $500000, 150000 shares of common stock outstanding, and stock price is currently trading at $41.00 per share. What is the price-earning ratio? Round to two places past the decimal point. Your Answer: Answer
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