Multiple Choice
Baxter & Baxter has total assets of $710,000.There are 45,000 shares of stock outstanding with a market value of $28 a share.The firm has a profit margin of 7.1 percent and a total asset turnover of 1.29.What is the price-earnings ratio?
A) 16.38
B) 17.99
C) 19.38
D) 20.12
E) 22.41
Correct Answer:
Verified
Correct Answer:
Verified
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