FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Jupiter Explorers has $7,600 in sales. The profit margin is 3 percent. There are 5,100 shares of stock outstanding. The market price per share is $1.30. What is the price- earnings ratio?

29.08

5.81

7.63

24.51

14.54

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in Step 4, do you multiply or divide?  I am not arriving at the same number.

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in Step 4, do you multiply or divide?  I am not arriving at the same number.

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