XYZ Industries has net income of $3,600,000. It has 400,000 weighted-average common shares outstanding and a market value per share of $144. The company's price earnings ratio equals: a. 16.0 b. 25.0 c. 18.4 d. 14.8 e. 12.5

XYZ Industries has net income of $3,600,000. It has 400,000 weighted-average common shares outstanding and a market value per share of $144. The company's price earnings ratio equals: a. 16.0 b. 25.0 c. 18.4 d. 14.8 e. 12.5

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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Question

Quick answer of this accounting questions

XYZ Industries has net income of $3,600,000. It has 400,000 weighted-average
common shares outstanding and a market value per share of $144. The
company's price earnings ratio equals:
a. 16.0
b. 25.0
c. 18.4
d. 14.8
e. 12.5

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