Question

Jupiter Explorers has $5,800 in sales. The profit margin is 4 percent. There are 5,000 shares of stock outstanding, with a price of $1.70 per share. What is the companys price-earnings ratio? 36.64 times O789 times 11.56 times 21.84 times O 18.32 times

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Answer #1
Sales 5800
Profit margin 4%
Profit 232
No. of shares 5000
Profit per share 0.0464
Price per share 1.70
P/E (Price/Profit per share) 36.64
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