Multiple Choice
Carter's Books, Inc., has net income of $75,000 and a plowback ratio of 80%. There are 30,000 shares of stock outstanding at a market price of $25.50 a share. What is the price-earnings ratio?
A) 6.9
B) 8.2
C) 9.7
D) 10.2
E) 11.6
Correct Answer:
Verified
Correct Answer:
Verified
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