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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?

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