Multiple Choice
The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $27. What is the price-earnings ratio?
A) 6.61
B) 8.98
C) 11.42
D) 13.15
E) 14.27
Correct Answer:
Verified
Correct Answer:
Verified
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