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Eagle crest Electronics Inc. has $1,200,000 in sales. The profit margin is 5.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18.00. What is the price-earnings (PE) ratio for Eagle crest Electronics Inc.?

Eagle crest Electronics Inc. has $1,200,000 in sales. The profit margin is 5.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18.00. What is the price-earnings (PE) ratio for Eagle crest Electronics Inc.?

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
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Eagle crest Electronics Inc. has $1,200,000 in sales. The profit margin is 5.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18.00. What is the price-earnings (PE) ratio for Eagle crest Electronics Inc.?
Transcribed Image Text:Eagle crest Electronics Inc. has $1,200,000 in sales. The profit margin is 5.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18.00. What is the price-earnings (PE) ratio for Eagle crest Electronics Inc.?
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