Please help General Accounting: Lian has $616,400 insales. The profit margin is 8.75 percentand the firm has 14,000 shares of stockoutstanding. The market price per share is$45.25. What is the price-earnings ratio?

To calculate the price-earnings (P/E) ratio, we need to follow these steps: Calculate the net…

Answered: General Accounting: Lian has $616,400…

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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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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What is the price earnings ratio? for this accounting question
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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?