Using the data provided for a company in Jackson, what is the price-earnings ratio?
The following information pertains to a company in Jackson. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow. Assets
Liabilities and Stockholders’ Equity
Income Statement
|
Group of answer choices
2.5 times
6.0 times
8.0 times
4.0 times
EPS=(Net income/Number of shares of common stock outstanding)
=(20,000/6000)=$3.33(Approx)
P/E ratio=stock price/EPS
=20/3.33
=6 times
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