morganmueller1225 morganmueller1225

01-03-2021
Business

contestada

Smolira Golf has 11,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $82.

Required:
What is the price-earnings ratio?

Respuesta :

essykiarii essykiarii

04-03-2021

Answer:

25.23 times

Explanation:

PE ratio = Price per share /Earnings per share

Price per share = $82

Earnings per share (EPS)= net income/ shares of common stock

Net Income = 35,753

EPS = 35753/11000 = 3.25

PE Ratio = 82/3.25 = 25.23 Times

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