JJ's has 84,000 shares of stock outstanding. Company sales for the year are $3.8 million and the
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Question:
JJ's has 84,000 shares of stock outstanding. Company sales for the year are $3.8 million and the profit margin is 6 percent. What is the current value of the stock if the price-earnings ratio is 14.6? ratio?
| A. | $32.84 | |
| B. | $39.63 | |
| C. | $34.06 | |
| D. | $42.79 |
Expert Answer:
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
