A companys shares have a market value of $85 per share. Its net income is $3,500,000, and

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A company’s shares have a market value of $85 per share. Its net income is $3,500,000, and its weighted-average common shares outstanding is 700,000. Its price-earnings ratio is:

a. 5.9

b. 425.0

c. 17.0

d. 10.4

e. 41.2 AppendixLO1

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Financial Accounting Information For Decisions

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4th Edition

Authors: John J. Wild

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Question Posted: Jul 22, 2024 03:00 AM

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A companys shares have a market value of $85 per share. Its net income is $3,500,000, and

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Financial Accounting Information For Decisions

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