ABC has a net profit margin of 4.3 percent on sales of $12,000,000. The firm has 250,000 shares outstanding. If the firm's P/E is 16 times, how much is the stock selling for?
A) $41.72
B) $35.96
C) $25.40
D) $33.02

Question

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The Answer of ABC has a net profit margin of 4.3 percent on sales of $12,000,000. The firm has 250,000 shares outstanding. If the firm's P/E is 16 times, how much is the stock selling for?
A) $41.72
B) $35.96
C) $25.40
D) $33.02

ABC Has a Net Profit Margin of 4