Jupiter Explorers has $7,600 in sales. The profit margin is 3 percent. There are 5,100 shares of stock outstanding. The market price per share is $1.30. What is the price- earnings ratio? 29.08 5.81 7.63 24.51 14.54
Jupiter Explorers has $7,600 in sales. The profit margin is 3 percent. There are 5,100 shares of stock outstanding. The market price per share is $1.30. What is the price- earnings ratio? 29.08 5.81 7.63 24.51 14.54
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jupiter Explorers has $7,600 in sales. The profit margin is 3 percent. There are 5,100 shares of stock outstanding. The market price per share is $1.30. What is the price- earnings ratio?
29.08
5.81
7.63
24.51
14.54
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