Neptune Industries has $1,250,000 in annual revenue with a profit margin of 6.8%. The company has 30,000 shares of stock outstanding and the current market price is $28.50 per share. What is Neptune's price-earnings ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
icon
Related questions
Question

Please give me answer with general accounting question

Neptune Industries has $1,250,000 in annual revenue with a profit margin of 6.8%. The
company has 30,000 shares of stock outstanding and the current market price is $28.50 per
share. What is Neptune's price-earnings ratio?
Transcribed Image Text:Neptune Industries has $1,250,000 in annual revenue with a profit margin of 6.8%. The company has 30,000 shares of stock outstanding and the current market price is $28.50 per share. What is Neptune's price-earnings ratio?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning