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

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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Question

The company's price earnings ratio equal?

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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