A Firm Has Net Income of $22,500 and a Book

question 39

Multiple Choice

A firm has net income of $22,500 and a book value per share of $3.10. The firm has 30,000 shares of stock outstanding and a price-earnings ratio of 15.9. What is the price-book ratio?

• A)1.7
• B)2.4
• C)2.7
• D)3.8
• E)4.3

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