XYZ Industries has net income of $1,800,000. It has 450,000 weighted-average common shares outstanding and a market value per share of $56. The company's price-earnings ratio equals: a. 14.0 b. 22.4 c. 8.2 d. 4.0

XYZ Industries has net income of $1,800,000. It has 450,000 weighted-average common shares outstanding and a market value per share of $56. The company's price-earnings ratio equals: a. 14.0 b. 22.4 c. 8.2 d. 4.0

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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XYZ Industries has net income of $1,800,000. It has 450,000 weighted-average
common shares outstanding and a market value per share of $56. The
company's price-earnings ratio equals:
a. 14.0
b. 22.4
c. 8.2
d. 4.0

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