Question
Children's Books, Inc., has net income of $50,000 and a plowback ratio of 80%. There are 22,000 shares of stock outstanding at a market price
Children's Books, Inc., has net income of $50,000 and a plowback ratio of 80%. There are 22,000 shares of stock outstanding at a market price of $18.64 a share. What is the price-earnings ratio?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
