Question: Bernice s has $ 8 2 3 , 0 0 0 in sales. The profit margin is 3 . 9 percent and the firm has

Bernices has $823,000 in sales. The profit margin is 3.9 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $15. What is the price-earnings ratio?
a.
3.98
b.
4.27
c.
4.42
d.
3.15
e.
3.51

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