Carter's Books,Inc

question 9

Multiple Choice

Carter's Books,Inc.has net income of $75,000 and a plowback ratio of 80 percent.There are 30,000 shares of stock outstanding at a market price of $25.50 a share.What is the price-earnings ratio?

• A) 6.9
• B) 8.2
• C) 9.7
• D) 10.2
• E) 11.6

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