EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Calculate the firm's price earnings ratio on these accounting question?

A company has net income of $45,000, total assets of $525,000, total
liabilities of $285,000, and a price-book ratio of 2.5. The company
has 50,000 shares outstanding. Calculate the firm's price-earnings
ratio.
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Transcribed Image Text:A company has net income of $45,000, total assets of $525,000, total liabilities of $285,000, and a price-book ratio of 2.5. The company has 50,000 shares outstanding. Calculate the firm's price-earnings ratio.
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EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:9781337514835
Author:MOYER
Publisher:CENGAGE LEARNING - CONSIGNMENT