ABC Has a Net Profit Margin of 3

question 20

Multiple Choice

ABC has a net profit margin of 3.3% on Sales of $10,000,000. The firm has 50,000 shares outstanding. If the firm's P/E is 19 times, how much is the stock selling for?

• A) $41.72
• B) $34.96
• C) $125.40
• D) $99.16