L.B. Jay has a net income of $38,000, total assets of $437,000, total liabilities of $208,000, and a price- book ratio of 3.8. There are 60,000 shares of stock outstanding. What is the firm's price-earnings ratio? A. 18.72 B. 20.80 C. 19.11 D. 19.28 E. 22.90
L.B. Jay has a net income of $38,000, total assets of $437,000, total liabilities of $208,000, and a price- book ratio of 3.8. There are 60,000 shares of stock outstanding. What is the firm's price-earnings ratio? A. 18.72 B. 20.80 C. 19.11 D. 19.28 E. 22.90
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Accounting. What is the firm's price earning ratio?
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