Bernice's Has $823,000 in Sales

question 83

Multiple Choice

Bernice's has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $16.50. What is the price-earnings ratio?

• A) 3.58
• B) 3.98
• C) 4.32
• D) 3.51
• E) 4.27

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Definitions:

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An early 20th-century labor union that represented both Japanese and Mexican farm workers in California, advocating for better labor conditions.

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