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Lakeside Apparel has $950,000 in total sales. The profit margin is 4.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18. What is the Price-Earnings (P/E) Ratio? a) 3.89 b) 4.22 c) 4.73 d) 4.11 e) 5.05

Lakeside Apparel has $950,000 in total sales. The profit margin is 4.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18. What is the Price-Earnings (P/E) Ratio? a) 3.89 b) 4.22 c) 4.73 d) 4.11 e) 5.05

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 2P
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Lakeside Apparel has $950,000 in total sales. The profit margin is 4.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18. What is the Price-Earnings (P/E) Ratio? a) 3.89 b) 4.22 c) 4.73 d) 4.11 e) 5.05
Transcribed Image Text:Lakeside Apparel has $950,000 in total sales. The profit margin is 4.5%, and the company has 10,000 shares of stock outstanding. The market price per share is $18. What is the Price-Earnings (P/E) Ratio? a) 3.89 b) 4.22 c) 4.73 d) 4.11 e) 5.05
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