Ratzell's Place Has a Market-To-Book Ratio of 2

question 116

Multiple Choice

Ratzell's Place has a market-to-book ratio of 2.7, net income of $68,400, a book value per share of $37, and 45,000 shares of stock outstanding. What is the price-earnings ratio?

• A) 24.34
• B) 28.16
• C) 55.10
• D) 59.09
• E) 65.72

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