Apex Industries has net income of $1,500,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $75. The company's price-earnings ratio equals:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Apex Industries has net income of $1,500,000. It has 200,000
weighted-average common shares outstanding and a market
value per share of $75.
The company's price-earnings ratio equals:
Transcribed Image Text:Apex Industries has net income of $1,500,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $75. The company's price-earnings ratio equals:
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