Multiple Choice
Children's Books, Inc., has net income of $50,000 and a plowback ratio of 80%. There are 22,000 shares of stock outstanding at a market price of $18.64 a share. What is the price-earnings ratio?
A) 6.9
B) 8.2
C) 9.7
D) 11.1
E) 11.6
Correct Answer:
Verified
Correct Answer:
Verified
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