Kahlo Industries reported a net income of $692,400 for the year. The company's share price is $15.20, and it has 288,500 shares outstanding. Compute the firm's price-earnings (P/E) ratio.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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Please help me solve this financial accounting problem

Kahlo Industries reported a net income of
$692,400 for the year. The company's
share price is $15.20, and it has 288,500
shares outstanding.
Compute the firm's price-earnings (P/E)
ratio.
Transcribed Image Text:Kahlo Industries reported a net income of $692,400 for the year. The company's share price is $15.20, and it has 288,500 shares outstanding. Compute the firm's price-earnings (P/E) ratio.
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