What is the price-earnings ratio on common stock


If net income is $130,000 and interest expense is $40,000 for 2009, and the market price is $30, what is the price-earnings ratio on common stock (rounded to one decimal place)?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the price-earnings ratio on common stock
Reference No:- TGS0708814

Expected delivery within 24 Hours