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ABC Corporation has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $82. The company's price earnings ratio equals: a. 13.7 b. 15.2 c. 18.4 d. 10.3 e. 12.5

ABC Corporation has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $82. The company's price earnings ratio equals: a. 13.7 b. 15.2 c. 18.4 d. 10.3 e. 12.5

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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The company's price earnings ratio equal? General accounting

ABC Corporation has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $82. The company's price earnings ratio equals: a. 13.7 b. 15.2 c. 18.4 d. 10.3 e. 12.5
Transcribed Image Text:ABC Corporation has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $82. The company's price earnings ratio equals: a. 13.7 b. 15.2 c. 18.4 d. 10.3 e. 12.5
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