The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $27. What is the price-earning ratio?
a. 6.61
b. 8.98
c. 11.42
d. 13.15
e. 14.27
Answer: A
The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $27. What is the price-earning ratio?
a. 6.61
b. 8.98
c. 11.42
d. 13.15
e. 14.27
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