Question
1. Jupiter Explorers has $9,800 in sales. The profit margin is 5 percent. There are 4,500 shares of stock outstanding. The market price per share
1. Jupiter Explorers has $9,800 in sales. The profit margin is 5 percent. There are 4,500 shares of stock outstanding. The market price per share is $1.90. What is the price-earnings ratio?
| 2. A firm has a return on equity of 18 percent. The total asset turnover is 1.7 and the profit margin is 6 percent. The total equity is $7,200. What is the amount of the net income? |
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Finance And Industrial Policy
Authors: Giovanni Cozzi, Susan Newman, Jan Toporowski
1st Edition
0198744501, 978-0198744504
