Determining the price-earnings ratio


The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $22. What is the price-earnings ratio?

5.39

8.98

11.42

13.15

14.27

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determining the price-earnings ratio
Reference No:- TGS041424

Expected delivery within 24 Hours