Answered: Maple Tech Inc. reported a net income…

Maple Tech Inc. reported a net income of $240,000. It has 80,000 shares of common stock outstanding. The current market price per share is $20. What is the company's P/E ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

what is the company's P/E ratio?

Maple Tech Inc. reported a net income of $240,000.
It has 80,000 shares of common stock outstanding.
The current market price per share is $20. What is
the company's P/E ratio?

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What is it's price earnings ratio on these financial accounting question?