Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Firm A has $14,733 in total sales. The profit margin is 5%. There are 185 shares of stock outstanding, with a price of $1.38 per

image text in transcribed

Firm A has $14,733 in total sales. The profit margin is 5%. There are 185 shares of stock outstanding, with a price of $1.38 per share. What is the company's price-earnings ratio? Round your answer to FOUR decimal places. For example, if your answer is.2525 or 25.25%, your answer should be 0.2525

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Private Equity Edge How Private Equity Players And The Worlds Top Companies Build Value And Wealth

Authors: Arthur B. Laffer,William J. Hass, Shepherd G. Pryor

1st Edition

0071590781,0071642927

More Books

Students also viewed these Finance questions

Question

Identify four qualities that are pertinent to accounting measures

Answered: 1 week ago

Question

List out some inventory management techniques.

Answered: 1 week ago