I need 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 use the formula:P/E = Market Price per Share /…

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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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?