Multiple Choice
The Cycle Shop has sales of $372,400 and a profit margin of 6.1 percent.There are 12,000 shares of stock outstanding with a market price per share of $8.64.What is the price-earnings ratio?
A) 8.47
B) 3.59
C) 9.09
D) 4.56
E) 3.64
Correct Answer:
Verified
Correct Answer:
Verified
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