Jupiter Explorers has $6,400 in sales. The profit margin is 4 percent. There are 6,400 shares of stock outstanding. The market price per share is $1.20. What is the price-earnings ratio? A. 13 B. 14 C. 21 D. 30 E. 48

Jupiter Explorers has $6,400 in sales. The profit margin is 4 percent. There are 6,400 shares of stock outstanding. The market price per share is $1.20. What is the price-earnings ratio? A. 13 B. 14 C. 21 D. 30 E. 48

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 4P: Reno Revolvere has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of...

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Question

General Accounting Question please answer

Jupiter Explorers has $6,400 in sales. The profit margin is 4 percent.
There are 6,400 shares of stock outstanding. The market price per
share is $1.20. What is the price-earnings ratio?
A. 13
B. 14
C. 21
D. 30
E. 48

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