bay8ra9xcampcoun bay8ra9xcampcoun
  • 09-01-2017
  • Mathematics
contestada

Jupiter explorers has $7,200 in sales. the profit margin is 4 percent. there are 6,000 shares of stock outstanding. the market price per share is $1.40. what is the price-earnings ratio?

Respuesta :

denonakavro
denonakavro denonakavro
  • 09-01-2017


Earnings = Sales * Profit margin = 7200 * 4% = 288

Price to earnings = stock price / earnings per share = 1.40/(288/6000) = $29.17

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