| Q8. The Farmer's Market has $725,000 in sales. The profit margin is 4.1 percent and the |
| firm has 8,500 shares of stock outstanding. The market price per share is $23. |
| What is the price-earnings ratio? |
| can you show work |
Profit margin=Net income/Sales
Net income=725000*4.1%=$29725
Earnings per share=29725/8500
=$3.49705882
P/E ratio=stock price/EPS
=(23/3.49705882)
=6.58(Approx)
Q8. The Farmer's Market has $725,000 in sales. The profit margin is 4.1 percent and the...
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