ABC's Net Income this year was $20,650,000 and there were 19.5 million shares outstanding. If the firm's Price/Earnings Ratio (P/E Ratio) is 18.7 then what is the firm's share price? Group of answer choices

ABC's Net Income this year was $20,650,000 and there were 19.5 million shares outstanding. If the firm's Price/Earnings Ratio (P/E Ratio) is 18.7 then what is the firm's share price? Group of answer choices

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6CE

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