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Nova Technologies has $8,200 in sales. The profit margin is 5%, and there are 7,500 shares of stock outstanding. The market price per share is $1.50. What is Nova Technologies' price-earnings (P/E) ratio? a) 15 b) 18 c) 20 d) 27

Nova Technologies has $8,200 in sales. The profit margin is 5%, and there are 7,500 shares of stock outstanding. The market price per share is $1.50. What is Nova Technologies' price-earnings (P/E) ratio? a) 15 b) 18 c) 20 d) 27

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 2P
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What is Nova Technologies price earnings ratio on these financial accounting question?

Nova Technologies has $8,200 in sales. The profit margin is 5%, and there are 7,500 shares of stock outstanding. The market price per share is $1.50. What is Nova Technologies' price-earnings (P/E) ratio? a) 15 b) 18 c) 20 d) 27
Transcribed Image Text:Nova Technologies has $8,200 in sales. The profit margin is 5%, and there are 7,500 shares of stock outstanding. The market price per share is $1.50. What is Nova Technologies' price-earnings (P/E) ratio? a) 15 b) 18 c) 20 d) 27
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