ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5 PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE MARKET PRICE PER SHARE IS $38.75. WHAT IS THE PRICE-EARNINGS RATIO?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5
PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE
MARKET PRICE PER SHARE IS $38.75.
WHAT IS THE PRICE-EARNINGS RATIO?
Transcribed Image Text:ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5 PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE MARKET PRICE PER SHARE IS $38.75. WHAT IS THE PRICE-EARNINGS RATIO?
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