Question
L.B. Jay has a net income of $36,000, total assets of $446,000, total liabilities of $209,000, and price-book ratio of 3.7. There are 65,000 shares
L.B. Jay has a net income of $36,000, total assets of $446,000, total liabilities of $209,000, and price-book ratio of 3.7. There are 65,000 shares of stock outstanding. What is the firm's price-earning ratio?
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
