Question

The balance sheet and income statement shorm below are for Koski mc Note that the finn has no mortization changes does not le
Common stock $5,460 Retained emings 8,580 Total comenon equity $14,040 Total lisbilities and equity $39.000 2016 Income State
Less mterest 820 Esmings before taxes (EBT) $1,950 Tues 683 Net income $1 268 Other data: Shares outstanding millions) 500.00
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Answer #1

Price earnings ratio

= Market price per share/Earnings per share

= 30.42/[(1268/500)

= 30.42/2.54

= 12

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