Hi expert please give me answer general accounting question Tristar Corporation has $825,000 in annual revenue with a profitmargin of 7.2%. The company has 22,500 shares of stock outstandingand the current market price is $32.75 per share. What is Tristar'sprice-earnings ratio?

The Price-Earnings (P/E) Ratio is a valuation metric that measures how much investors are willing to…

Answered: Tristar Corporation has $825,000 in…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Tristar Corporation has $825,000 in annual revenue with a profit margin of 7.2%. The company has 22,500 shares of stock outstanding and the current market price is $32.75 per share. What is Tristar's price-earnings ratio?