Brighton Industries has the following details: Market value per share: $85.00, Net income: $2,125,000, Weighted average number of shares outstanding: 425,000 What is Brighton Industries' price-earnings ratio? a. 22.3 b. 8.4 c. 17.0 d. 20.0 e. 6.2

Brighton Industries has the following details: Market value per share: $85.00, Net income: $2,125,000, Weighted average number of shares outstanding: 425,000 What is Brighton Industries' price-earnings ratio? a. 22.3 b. 8.4 c. 17.0 d. 20.0 e. 6.2

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

What is the price earnings ratio on these financial accounting question?

Brighton Industries has the following details: Market
value per share: $85.00, Net income: $2,125,000,
Weighted average number of shares outstanding:
425,000
What is Brighton Industries' price-earnings ratio?
a. 22.3
b. 8.4
c. 17.0
d. 20.0
e. 6.2

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