Vista Electronics announces that its net income for the year equals $25 million. The company has 50 million shares outstanding, and today's share price is $82.15. Calculate the company's price-to-earnings (P/E) ratio. a. 2.25 b. 164.3 c. 100.7 d. 82.15 e. 32.86

Vista Electronics announces that its net income for the year equals $25 million. The company has 50 million shares outstanding, and today's share price is $82.15. Calculate the company's price-to-earnings (P/E) ratio. a. 2.25 b. 164.3 c. 100.7 d. 82.15 e. 32.86

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

Calculate the company's price to earnings ratio for this accounting question

Vista Electronics announces that its net income for the year
equals $25 million. The company has 50 million shares
outstanding, and today's share price is $82.15. Calculate the
company's price-to-earnings (P/E) ratio.
a. 2.25
b. 164.3
c. 100.7
d. 82.15
e. 32.86

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