Homework Help is Here – Start Your Trial Now!
Business
Accounting
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
See similar textbooks
icon
Related questions
Question
100%

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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
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
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS