The Green House has a profit margin of 8.9 percent on sales of $350,800. The firm currently

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The Green House has a profit margin of 8.9 percent on sales of $350,800. The firm currently has 28,200 shares of stock outstanding at a market price of $24.80 per share. What is the price-earnings ratio?

List your answer to two decimal places.

PE Ratio = ?

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Apr 26, 2023 07:07 AM

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The Green House has a profit margin of 8.9 percent on sales of $350,800. The firm currently

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Expert Answer:

First we need to calculate the total profit earned by The Green House Profit 89 of 350800 ... View the full answer

Advanced Accounting

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