Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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The company's price earnings ratio equal? General accounting

ABC Corporation has net income of $1,200,000. It has 200,000
weighted-average common shares outstanding and a market value
per share of $82. The company's price earnings ratio equals:
a. 13.7
b. 15.2
c. 18.4
d. 10.3
e. 12.5
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Transcribed Image Text:ABC Corporation has net income of $1,200,000. It has 200,000 weighted-average common shares outstanding and a market value per share of $82. The company's price earnings ratio equals: a. 13.7 b. 15.2 c. 18.4 d. 10.3 e. 12.5
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