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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:

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
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:
Transcribed Image Text: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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