Answered: A company's stock is trading at $45 per…

A company's stock is trading at $45 per share. The company has 200,000 shares outstanding and reported a net income of $750,000. What is the P/E ratio? A. 11.25 B. 12.00 C. 12.75 D. 13.50

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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please give me answer accounting question

A company's stock is trading at $45 per share. The company has
200,000 shares outstanding and reported a net income of $750,000.
What is the P/E ratio?
A. 11.25
B. 12.00
C. 12.75
D. 13.50

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