Leonatti Labs’ year-end price on its common stock is $22. The firm has a profit margin of 12 percent, total assets of $35 million, a total asset turnover of 0.60, no preferred stock, and 2 million shares of common stock outstanding. Calculate the PE ratio for Leonatti Labs. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PE ration = _____.__ times
Leonatti Labs’ year-end price on its common stock is $22. The firm has a profit margin of 12 percent, total assets of $35 million, a total asset turnover of 0.60, no preferred stock, and 2 million shares of common stock outstanding. Calculate the PE ratio for Leonatti Labs. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PE ration = _____.__ times
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 25E: For a recent year, OfficeMax and Staples are two companies competing in the retail office supply...
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Leonatti Labs’ year-end price on its common stock is $22. The firm has a profit margin of 12 percent, total assets of $35 million, a total asset turnover of 0.60, no
Calculate the PE ratio for Leonatti Labs. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
PE ration = _____.__ times
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