Grayson Tech Corporation has the following details: Item Market value per share Net income Amount $72.00 $1,800,000 Weighted-average number of shares 300,000 What is Grayson Tech Corporation's price-earnings ratio?

Grayson Tech Corporation has the following details: Item Market value per share Net income Amount $72.00 $1,800,000 Weighted-average number of shares 300,000 What is Grayson Tech Corporation's price-earnings ratio?

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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Question

I need help with this financial accounting problem using proper accounting guidelines.

Grayson Tech Corporation has the following details:
Item
Market value per share
Net income
Amount
$72.00
$1,800,000
Weighted-average number of shares 300,000
What is Grayson Tech Corporation's price-earnings ratio?

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