A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares

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A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firms price-earnings ratio?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Apr 23, 2024 03:30 AM

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A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares

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To calculate the priceearnings ratio we first need to find the earnings per ... View the full answer

Fundamentals of Financial Management

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