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:

Business Writing

Business writing encompasses the professional communication of ideas, proposals, and information within a business context, employing a clear, concise, and formal style.

First-person Pronouns

Pronouns that refer to the speaker or writer themselves, such as "I," "me," "my," and "we."

Audience

The group of individuals for whom a message, presentation, or performance is intended.

Written Messages

Information or communication conveyed through written symbols or signs instead of spoken words.