Multiple Choice
Lassiter Industries has annual sales of $220,000 with 10,000 shares of stock outstanding.The firm has a profit margin of 6 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
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