Company price-earnings ratio equals


A company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000. The company's price-earnings ratio equals:

1. 20.9.

2. 4.2.

3. 14.6.

4. 20.0.

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Accounting Basics: Company price-earnings ratio equals
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