Multiple Choice
Lassiter Industries has annual sales of $220,000 with 10,000 shares of stock outstanding. The firm has a profit margin of 7.5 percent and a price-sales ratio of 1.20. What is the firm's price-earnings ratio?
A) 14
B) 16
C) 18
D) 20
E) 22
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: It is commonly recommended that the managers
Q27: The Flower Shoppe has accounts receivable of
Q28: The Purple Martin has annual sales of
Q28: Which one of the following is a
Q30: The Home Supply Co. has a current
Q31: Ratios that measure a firm's financial leverage
Q34: What is the quick ratio for 2012?<br>A)0.56<br>B)0.60<br>C)1.32<br>D)1.67<br>E)1.79<br>
Q35: If a firm produces a twelve percent
Q63: Tobin's Q relates the market value of
Q68: Townsend Enterprises has a PEG ratio of