Multiple Choice
Napoli Industries had net income for the year 2016 of $650,000.Napoli had an average number of shares outstanding at the end of the year of 500,000 shares.The market price of Napoli's stock on January 1,2016 was $20 per share.On December 31,2016,the market price was $22 per share.The price-earnings ratio for Napoli at year end is closest to:
A) 16.9
B) 16.2
C) 15.4
D) None of these answer choices are correct
Correct Answer:
Verified
Correct Answer:
Verified
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