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Katrina's Fury has $697,400 in sales. The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price- earnings ratio? a. 15.8. b. 17.1. c. 16.6.

Katrina's Fury has $697,400 in sales. The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price- earnings ratio? a. 15.8. b. 17.1. c. 16.6.

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 13P
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Katrina's Fury has $697,400 in sales. The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price- earnings ratio? a. 15.8. b. 17.1. c. 16.6.
Transcribed Image Text:Katrina's Fury has $697,400 in sales. The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price- earnings ratio? a. 15.8. b. 17.1. c. 16.6.
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