Solved

A Company Has a Market Value Per Share of $73

Question 98

Multiple Choice

A company has a market value per share of $73.00.Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000.The company's price-earnings ratio is equal to:


A) 20.9
B) 4.2
C) 14.6
D) 20.0
E) 6.8

Correct Answer:

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