Solve this financial accounting problem Q.12. Financial Accounting: Presley Ventureshas $8,500 in sales. The profit margin is 5percent. There are 8,500 shares of stockoutstanding. The market price per share is$1.50.What is the price-earnings ratio?

Explanation of Sales:Sales refer to the total revenue generated by a company from selling its goods…

Answered: Q.12. Financial Accounting: Presley…

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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Q.12. Financial Accounting: Presley Ventures has $8,500 in sales. The profit margin is 5 percent. There are 8,500 shares of stock outstanding. The market price per share is $1.50. What is the price-earnings ratio?