Square D's Has $42,700 in Sales and a Profit Margin

question 54

Multiple Choice

Square D's has $42,700 in sales and a profit margin of 7.2 %. There are 5,700 shares of stock outstanding at a market price per share of $13.20. What is the price-earnings ratio?

• A) 7.12
• B) 17.63
• C) 24.47
• D) 26.08
• E) 29.00

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