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.

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.

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 54E: 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 $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.

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