Silverstone Tech has a market value per share of $55.00. Its net income is $2,200,000 and the weighted-average number of shares outstanding is 400,000. The company's price-earnings ratio equals: A. 15.0 B. 10.0 C. 18.0 D. 22.0

Silverstone Tech has a market value per share of $55.00. Its net income is $2,200,000 and the weighted-average number of shares outstanding is 400,000. The company's price-earnings ratio equals: A. 15.0 B. 10.0 C. 18.0 D. 22.0

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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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Question

100%

What is the company's price earnings ratio on these financial accounting question?

Silverstone Tech has a market value per share of $55.00. Its net income
is $2,200,000 and the weighted-average number of shares outstanding
is 400,000. The company's price-earnings ratio equals:
A. 15.0
B. 10.0
C. 18.0
D. 22.0

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