General Accounting: Lian has $616,400 in sales. The profit margin is 8.75 percent and the firm has 14,000 shares of stock outstanding. The market price per share is $45.25. What is the price-earnings ratio?
General Accounting: Lian has $616,400 in sales. The profit margin is 8.75 percent and the firm has 14,000 shares of stock outstanding. The market price per share is $45.25. What is the price-earnings ratio?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:General Accounting: Lian has $616,400 in
sales. The profit margin is 8.75 percent
and the firm has 14,000 shares of stock
outstanding. The market price per share is
$45.25. What is the price-earnings ratio?
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