The year-end market price per common share was 12 and there


A company reported net income of $850,000 for the current year.

The year-end market price per common share was $12 and there were 425,000 weighted-average shares of common stock outstanding.

Calculate the company's price-earnings ratio.

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Cost Accounting: The year-end market price per common share was 12 and there
Reference No:- TGS02592482

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