A firm has net income of $134,502. There are 136.088 shares of stock outstanding at a price per share of $12.98. The price to book ratio is 5.74 and the firm has $117,799 in total liabilities. What is the firm's price-earnings ratio? Answer should be formatted as a number with 2 decimal places (eg 99.99).

A firm has net income of $134,502. There are 136.088 shares of stock outstanding at a price per share of $12.98. The price to book ratio is 5.74 and the firm has $117,799 in total liabilities. What is the firm's price-earnings ratio? Answer should be formatted as a number with 2 decimal places (eg 99.99).

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investemtn Opportunity

Section: Chapter Questions

Problem 3CQ

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