Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Today the company announces net income
equals $12 million. They have 30 million shares
outstanding, and today's share price is $68.21.
Find the company's price-to-earnings ratio.
a. 0.27
b. 170.5
c. 156.2
d. 0.19
e. 46.5
Transcribed Image Text:Today the company announces net income equals $12 million. They have 30 million shares outstanding, and today's share price is $68.21. Find the company's price-to-earnings ratio. a. 0.27 b. 170.5 c. 156.2 d. 0.19 e. 46.5
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