Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and the firm has 18,500 shares of stock outstanding. The market price per share is $52.50. What is the price-earnings ratio?
Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and the firm has 18,500 shares of stock outstanding. The market price per share is $52.50. What is the price-earnings ratio?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
Question

Transcribed Image Text:Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and
the firm has 18,500 shares of stock outstanding. The market price per share
is $52.50.
What is the price-earnings ratio?
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