Lab R Doors' year-end price on its common stock is $57. The firm has a profit margin of 11.7%, total assets of $32 million, a total asset turnover ratio of 2.20, no preferred stock, and there are 4.2 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.) a. 12.748 b, 0.647 c. 0.294 d. 29.065

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
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Lab R Doors' year-end price on its common stock is $57.
The firm has a profit margin of 11.7%, total assets of $32
million, a total asset turnover ratio of 2.20, no preferred
stock, and there are 4.2 million shares of common stock
outstanding.
What is the PE ratio for Lab R Doors? (Do not round
intermediate steps.)
a. 12.748
b, 0.647
c. 0.294
d. 29.065
Transcribed Image Text:Lab R Doors' year-end price on its common stock is $57. The firm has a profit margin of 11.7%, total assets of $32 million, a total asset turnover ratio of 2.20, no preferred stock, and there are 4.2 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.) a. 12.748 b, 0.647 c. 0.294 d. 29.065
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