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

Price Earnings Ratio (P/E Ratio) is the relationship between a company's stock price and earnings…

Answered: Apex Industries has net income of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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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: