A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year.

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A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year. At year-end, the price per share of the company's stock was $49.40. What is the company's year-end price-earnings ratio?

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Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

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Posted Date: Apr 22, 2020 03:26 AM

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A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year.

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