Orion Tech Inc. had a net income of $2,250,000 and paid $600,000 in dividends to common stockholders in 2023. The weighted average number of shares outstanding was 750,000 shares. Orion Tech's common stock is currently selling for $40 per share. Calculate: Price-Earnings (P/E) Ratio

Orion Tech Inc. had a net income of $2,250,000 and paid $600,000 in dividends to common stockholders in 2023. The weighted average number of shares outstanding was 750,000 shares. Orion Tech's common stock is currently selling for $40 per share. Calculate: Price-Earnings (P/E) Ratio

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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price-earning ratio accounting question

Orion Tech Inc. had a net income of $2,250,000 and paid
$600,000 in dividends to common stockholders in 2023. The
weighted average number of shares outstanding was 750,000
shares. Orion Tech's common stock is currently selling for $40 per
share.
Calculate:
Price-Earnings (P/E) Ratio

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