Find price earnings ratio for shares of stock outstanding
Katrina's Fury has $697,400 in sales. The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price earnings ratio?
a. 15.8b. 17.1c. 16.6d. 17.4
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The profit margin is 3.4 percent and the firm has $12,500 shares of stock outstanding. The market price is $33. What is the price earnings ratio?
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