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Fama Solutions reported a net income of $960,000. The company has 140,000 weighted-average common shares outstanding and a market value per share of $125. What is Fama Solutions' price-earnings (P/E) ratio?

Fama Solutions reported a net income of $960,000. The company has 140,000 weighted-average common shares outstanding and a market value per share of $125. What is Fama Solutions' price-earnings (P/E) ratio?

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 2P
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What is the price earnings ratio of this financial accounting question?

Fama Solutions reported a net income of $960,000. The company has 140,000 weighted-average common shares outstanding and a market value per share of $125. What is Fama Solutions' price-earnings (P/E) ratio?
Transcribed Image Text:Fama Solutions reported a net income of $960,000. The company has 140,000 weighted-average common shares outstanding and a market value per share of $125. What is Fama Solutions' price-earnings (P/E) ratio?
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