A firm's year-end price on its common stock is $55. The firm has a profit margin of 6%, total assets of $75 million, a total asset turnover ratio of 0.9, no preferred stock, and 2.5 million shares of common stock outstanding. Calculate the PE ratio for the firm.
A) 16.94 times
B) 17.98 times
C) 24.16 times
D) 33.95 times

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The Answer of A firm's year-end price on its common stock is $55. The firm has a profit margin of 6%, total assets of $75 million, a total asset turnover ratio of 0.9, no preferred stock, and 2.5 million shares of common stock outstanding. Calculate the PE ratio for the firm.
A) 16.94 times
B) 17.98 times
C) 24.16 times
D) 33.95 times

A Firm's Year-End Price on Its Common Stock Is $55