McDucket, Inc

question 52

Multiple Choice

McDucket, Inc. generates net profit of $592,000 and has a price-book ratio of 5.2. Total assets are $2,320,000 and total liabilities are $1,289,000. The company has 560,000 common stock outstanding. What is the price-to-earnings ratio?

• A)9.06
• B)9.23
• C)10.12
• D)10.80
• E)11.70

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