Question
A company has a market value per share of $59. Its net income is $1,720,000 and the weighted-average number of shares outstanding is 351,000. The
A company has a market value per share of $59. Its net income is $1,720,000 and the weighted-average number of shares outstanding is 351,000. The company's price-earnings ratio is equal to (rounded):
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
