Problem:
The Green House has a profit margin of 5.6 percent on sales of $311,200. The firm currently has 15,000 shares of stock outstanding at a market price of $11.60 per share.
Required:
Question: What is the price-earnings ratio?
Select one:
- 12.84
- 11.93
- 9.98
- 10.02
- 11.50
Note: Please show the work not just the answer.