FosterTech Inc. has a year-end price on its common stock of $65. The firm has a profit margin of 10.5%, total assets of $40 million, a total asset turnover ratio of 1.90, no preferred stock, and there are 5.1 million shares of common stock outstanding. What is the P/E ratio for FosterTech Inc.? (Do not round intermediate steps.)

FosterTech Inc. has a year-end price on its common stock of $65. The firm has a profit margin of 10.5%, total assets of $40 million, a total asset turnover ratio of 1.90, no preferred stock, and there are 5.1 million shares of common stock outstanding. What is the P/E ratio for FosterTech Inc.? (Do not round intermediate steps.)

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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