Multiple Choice
Bernice's has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $16.50. What is the price-earnings ratio?
A) 3.58
B) 3.98
C) 4.32
D) 3.51
E) 4.27
Correct Answer:
Verified
Correct Answer:
Verified
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