A Company Reported $990,000 in Net Income for the Current

question 48

Short Answer

A company reported $990,000 in net income for the current year. Total weighted-average number of common shares outstanding is equal to 150,000 shares and the year-end market price is $79.20 per common share. Calculate the company's price earnings ratio.

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Definitions:

Implementing Solutions

The process of putting into action or executing strategies and plans to address specific problems or challenges.

Developing

The process of growth, improvement, or advancement in skills, knowledge, or infrastructure within an individual, organization, or region.

Choosing

The act of making a selection from a range of options or deciding among possible alternatives.

Indiscriminately Copying

The action of replicating actions, processes, or information without selection, discernment, or adaptation to context.