Benkart Corporation has sales of \$5,000,000 , net Income of 800,000, total assets of \$2,000,000 , and 100, 000 shares of common stock Outstanding. If Benkart's stock price $96 per share, what is the company's P/E ratio?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 23EB: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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Benkart Corporation has sales of \$5,000,000 , net Income of 800,000, total assets of \$2,000,000 , and 100, 000 shares of common stock Outstanding. If Benkart's stock price $96 per share, what is the company's P/E ratio?

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