ABC has a net profit margin of 3.3 percent on sales of $10,000,000. The firm has 50,000 shares outstanding. If the firm's P/E is 19 times, how much is the stock selling for?
A) $41.72
B) $34.96
C) $125.40
D) $99.16

Question

Quizplus · Accepted Answer

The Answer of ABC has a net profit margin of 3.3 percent on sales of $10,000,000. The firm has 50,000 shares outstanding. If the firm's P/E is 19 times, how much is the stock selling for?
A) $41.72
B) $34.96
C) $125.40
D) $99.16

ABC Has a Net Profit Margin of 3