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?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Financial Accounting

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?
Transcribed Image Text: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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