Answered: Beacon Corp has a net income of…

Beacon Corp has a net income of $920,500 for the year. Their share price is $15.20, and they have 350,750 outstanding shares. What is the firm's Price- Earnings (P/E) Ratio?

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

100%

Solve this financial accounting

Beacon Corp has a net income of
$920,500 for the year. Their share
price is $15.20, and they have
350,750 outstanding shares.
What is the
firm's Price-
Earnings (P/E) Ratio?

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