Nimbus Enterprises has $850,000 in sales. The profit margin is 9.2%, and the firm has 18,500 shares of stock outstanding. The market price per share is $55.75. What is the price-earnings (P/E) ratio?
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- What is the price earnings ratio? for this accounting questionGeneral Accounting: Lian has $616,400 in sales. The profit margin is 8.75 percent and the firm has 14,000 shares of stock outstanding. The market price per share is $45.25. What is the price-earnings ratio? Answer?A firm has $5,800 in Sales. The profit margin is 4 percent. There are 5,000 shares outstanding with a price of $1.70 per share. What is the firm’s price-earnings (P/E) ratio?