Lab R Doors' year-end price on its common stock is $57. The firm has a profit margin of 11.7%, total assets of $32 million, a total asset turnover ratio of 2.20, no preferred stock, and there are 4.2 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.) a. 12.748 b, 0.647 c. 0.294 d. 29.065
Lab R Doors' year-end price on its common stock is $57. The firm has a profit margin of 11.7%, total assets of $32 million, a total asset turnover ratio of 2.20, no preferred stock, and there are 4.2 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.) a. 12.748 b, 0.647 c. 0.294 d. 29.065
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
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
Transcribed Image Text:Lab R Doors' year-end price on its common stock is $57.
The firm has a profit margin of 11.7%, total assets of $32
million, a total asset turnover ratio of 2.20, no preferred
stock, and there are 4.2 million shares of common stock
outstanding.
What is the PE ratio for Lab R Doors? (Do not round
intermediate steps.)
a. 12.748
b, 0.647
c. 0.294
d. 29.065
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