Industrial Products has total assets of $627,000 and total liabilities of $328,400. Net income for the year is $78,000. The firm has 24,000 shares of
Industrial Products has total assets of $627,000 and total liabilities of $328,400. Net income for the year is $78,000. The firm has 24,000 shares of stock outstanding, and a market-to-book ratio of 5.1.
What is the P/E (price-earnings ratio)?
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
