A company has a market value per share of $75.00. Its net income is $1,750,000...

90.2K

Verified Solution

Question

Accounting

A company has a market value per share of $75.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 450,000. The company's price-earnings ratio is equal to:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students