Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5

Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5

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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Today the company announces net income
equals $12 million. They have 30 million shares
outstanding, and today's share price is $68.21.
Find the company's price-to-earnings ratio.
a. 0.27
b. 170.5
c. 156.2
d. 0.19
e. 46.5

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