Katrina's Fury has $697,400 in sales. The proﬁt margin is 3.4 % and the ﬁrm has 12,500 shares of stock outstanding. The market price per share is $33. What is the price-earnings ratio?
A) 15.8
B) 16.2
C) 16.6
D) 17.1
E) 17.4

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The Answer of Katrina's Fury has $697,400 in sales. The proﬁt margin is 3.4 % and the ﬁrm has 12,500 shares of stock outstanding. The market price per share is $33. What is the price-earnings ratio?
A) 15.8
B) 16.2
C) 16.6
D) 17.1
E) 17.4

Katrina's Fury Has $697,400 in Sales