Reagan Corp. has reported a net income of $815,200 for the year. The company's share price is $13.80, and the company has 317,880 shares outstanding. Compute the firm's price- earnings ratio.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Give calculation with correct answer the accounting question

Reagan Corp. has reported a net
income of $815,200 for the year. The
company's share price is $13.80, and
the company has 317,880 shares
outstanding. Compute the firm's price-
earnings ratio.
Transcribed Image Text:Reagan Corp. has reported a net income of $815,200 for the year. The company's share price is $13.80, and the company has 317,880 shares outstanding. Compute the firm's price- earnings ratio.
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