None A company has net income of $850,000. It has 125,000weighted-average common shares outstanding and amarket value per share of $115.The company's price earnings ratio equals:a. 16.9.b. 14.7.c. 92.0.d. 13.5.e. 8.0.

Step 1: Define Price Earnings RatioThe price-earnings ratio is used by investors to analyze the…

Answered: A company has net income of $850,000.…

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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A company has net income of $850,000. It has 125,000 weighted-average common shares outstanding and a market value per share of $115. The company's price earnings ratio equals: a. 16.9. b. 14.7. c. 92.0. d. 13.5. e. 8.0.