Homework Help is Here – Start Your Trial Now!
Business
Accounting
Bernice Apparel Inc. has $950,000 in sales. The profit margin is 4.2%, and the firm has 8,200 shares of stock outstanding. The market price per share is $18. What is Bernice Apparel's price-earnings (P/E) ratio? a) 3.70 b) 4.10 c) 4.50 d) 4.75

Bernice Apparel Inc. has $950,000 in sales. The profit margin is 4.2%, and the firm has 8,200 shares of stock outstanding. The market price per share is $18. What is Bernice Apparel's price-earnings (P/E) ratio? a) 3.70 b) 4.10 c) 4.50 d) 4.75

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
See similar textbooks
icon
Related questions
Question

Please give me true answer this financial accounting question

Bernice Apparel Inc. has $950,000 in sales. The profit margin is 4.2%, and the firm has 8,200 shares of stock outstanding. The market price per share is $18. What is Bernice Apparel's price-earnings (P/E) ratio? a) 3.70 b) 4.10 c) 4.50 d) 4.75
Transcribed Image Text:Bernice Apparel Inc. has $950,000 in sales. The profit margin is 4.2%, and the firm has 8,200 shares of stock outstanding. The market price per share is $18. What is Bernice Apparel's price-earnings (P/E) ratio? a) 3.70 b) 4.10 c) 4.50 d) 4.75
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS