Answered: Reagan Corp has net income of $843,800…

Reagan Corp has net income of $843,800 for the year. Their share price is $13.54 and they have 311,890 outstanding. What is the firm's price-earnings ratio?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9DQ: The dividend yield of Suburban Propane Partners, L.P. (SPH) was 7.7% in a recent year, and the...

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Question

Reagan Corp has net income of $843,800 for
the year. Their share price is $13.54 and they
have 311,890 outstanding. What is the firm's
price-earnings ratio?

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