Bha QUESTION 21ABC's Net Income this year was $29,532,000 and there were 8.4 million shares outstanding. If the firm's Price/Earnings Ratio (P/E Ratio)is 17.6 then what is the firm's share price?$61.88$61.26$60.93$55.69

Earnings per share is calculated by dividing net income available to common stockholders' by…

Answered: QUESTION 21 ABC's Net Income this year…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 21 ABC's Net Income this year was $29,532,000 and there were 8.4 million shares outstanding. If the firm's Price/Earnings Ratio (P/E Ratio) is 17.6 then what is the firm's share price? $61.88 $61.26 $60.93 $55.69