Describe the price-earnings ratio


Jupiter Explorers has $8,800 in sales. The profit margin is 4 percent. There are 5,300 shares of stock outstanding. The market price per share is $1.60. What is the price-earnings ratio?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Describe the price-earnings ratio
Reference No:- TGS0685779

Expected delivery within 24 Hours