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Jupiter Explorers has $10,600 in sales. The profit margin is 5 percent. There are 5,600 shares of stock outstanding. The market price per share is $2.00. What is the price-earnings ratio? A. 21.13 B. 18.93 C. 10.57 D. 17.00 E. 37.86

Jupiter Explorers has $10,600 in sales. The profit margin is 5 percent. There are 5,600 shares of stock outstanding. The market price per share is $2.00. What is the price-earnings ratio? A. 21.13 B. 18.93 C. 10.57 D. 17.00 E. 37.86

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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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Jupiter explorer has $10600 in sales solve this accounting questions

Jupiter Explorers has $10,600 in sales. The profit margin is 5 percent. There are 5,600 shares of stock outstanding. The market price per share is $2.00. What is the price-earnings ratio? A. 21.13 B. 18.93 C. 10.57 D. 17.00 E. 37.86
Transcribed Image Text:Jupiter Explorers has $10,600 in sales. The profit margin is 5 percent. There are 5,600 shares of stock outstanding. The market price per share is $2.00. What is the price-earnings ratio? A. 21.13 B. 18.93 C. 10.57 D. 17.00 E. 37.86
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