ABC has a net profit margin of 4.3% 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

Quizplus · Accepted Answer

The Answer of ABC has a net profit margin of 4.3% 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