Ryan Inc. has reported a net income of $1,020,500 for the year. The company’s share price is $18.75 and it has 510,250 outstanding shares. Compute the firm’s price-earnings ratio.help with this financial accounting problem

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
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Ryan Inc. has reported a net income of $1,020,500 for the year. The company’s share price is $18.75 and it has 510,250 outstanding shares. Compute the firm’s price-earnings ratio.help with this financial accounting problem

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