A Firm Has Net Income of $345,200 and Total Equity

question 102

Multiple Choice

A firm has net income of $345,200 and total equity of $2.32 million. There are 430,000 shares of stock outstanding at a price per share of $24.50. What is the firm's price-earnings ratio?

• A)19.67
• B)20.23
• C)29.75
• D)30.52
• E)31.23

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