Power inc has net earnings of 5000000 has 2500000 shares


Power Inc. has net earnings of $5,000,000 , has 2,500,000 shares outstanding and sells for $15.00 a share. What is the current P/E ratio?

A. 15

B. 7.5

C. 10

D. 22.5

E. Cannot compute with this information

Provide excel calculation.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Power inc has net earnings of 5000000 has 2500000 shares
Reference No:- TGS02667476

Expected delivery within 24 Hours