Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding The market price per share is $1.60. What is the price- earnings ratio? 8.16 14.67 27.27 29.33 8.73

Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding The market price per share is $1.60. What is the price- earnings ratio? 8.16 14.67 27.27 29.33 8.73

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding The market price per share is $1.60. What is the price- earnings ratio?

8.16

14.67

27.27

29.33

8.73

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