Answered: A corporation has net income of…

A corporation has net income of $3,600,000. It also has 300,000 weighted-average common shares outstanding and a market value per share of $216. The corporation's price-earnings ratio is equal to:

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 corporation has net income of $3,600,000. It also has 300,000
weighted-average common shares outstanding and a market value
per share of $216. The corporation's price-earnings ratio is equal to:

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