Question
Leonatti Labs year-end price on its common stock is $17. The firm has a profit margin of 10 percent, total assets of $44 million, a
Leonatti Labs year-end price on its common stock is $17. The firm has a profit margin of 10 percent, total assets of $44 million, a total asset turnover of 0.65, no preferred stock, and 2 million shares of common stock outstanding.
Calculate the PE ratio for Leonatti Labs. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
