Leonatti Labs year end price on its common stock is $15 The firm has a profit margin of 8 percent, total assets of $42 million, a total asset turnover ratio of 0 75, no preferred stock, and 3 million shares of common stock outstanding Calculate the PE ratio for Leonatti Labs ...

Total asset turnover 075 Sales 42m Sales ...

Leonatti Labs year-end price on its common stock is $15. The firm has a profit margin of

Question:

Leonatti Labs’ year-end price on its is $15. The firm has a profit margin of 8 percent, total assets of $42 million, a total ratio of 0.75, no preferred stock, and 3 million shares of outstanding. Calculate the PE ratio for Leonatti Labs.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.