The following table shows the net profit achieved by Omega Ltd since 2012. It's current share price is $13.20 and it has 115,000 shares outstanding (which has not changed since 2012). It expects earnings to continue to grow at the same compound growth rate that it has enjoyed since 2012. Year Net Profit 2012 $429,000 2013 $477,000 2014 $526,000 2015 $574,000 2016 $622,000 2017 $671,000 2018 $719,000 What is the firm's trailing P/E ratio? a. 1.29 b. 1.94 c. 2.11 d. 2.99 Clear my choice
The following table shows the net profit achieved by Omega Ltd since 2012. It's current share price is $13.20 and it has 115,000 shares outstanding (which has not changed since 2012). It expects earnings to continue to grow at the same compound growth rate that it has enjoyed since 2012. Year Net Profit 2012 $429,000 2013 $477,000 2014 $526,000 2015 $574,000 2016 $622,000 2017 $671,000 2018 $719,000 What is the firm's trailing P/E ratio? a. 1.29 b. 1.94 c. 2.11 d. 2.99 Clear my choice
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The following table shows the net profit achieved by Omega Ltd since 2012. It's current share price is $13.20 and it has 115,000 shares outstanding (which has not changed since 2012). It expects earnings to continue to grow at the same compound growth rate that it has enjoyed since 2012.
| Year | Net Profit |
|---|---|
| 2012 | $429,000 |
| 2013 | $477,000 |
| 2014 | $526,000 |
| 2015 | $574,000 |
| 2016 | $622,000 |
| 2017 | $671,000 |
| 2018 | $719,000 |
What is the firm's trailing P/E ratio?
a.
1.29
b.
1.94
c.
2.11
d.
2.99
Clear my choice
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