D.P. May has a net income of $44,000, total assets of $442,000, total liabilities of $211,000, and a price-book ratio of 3.8. There are 62,000 shares of stock outstanding. What is the firm's price-earnings ratio? provide answer

D.P. May has a net income of $44,000, total assets of $442,000, total liabilities of $211,000, and a price-book ratio of 3.8. There are 62,000 shares of stock outstanding. What is the firm's price-earnings ratio? provide answer

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 66P

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