The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's P/E ratio for 2009 is
A)8.88.
B)7.63.
C)7.88.
D)7.32.

Name: The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's P/E ratio for 2009 is A)8.88. B)7.63. C)7.88. D)7.32.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

The financial statements of Black Barn Company are given below.  Refer to the financial statements of Black Barn Company.The firm's P/E ratio for 2009 is
A)8.88. 
B)7.63. 
C)7.88. 
D)7.32.

Quizplus · Accepted Answer

EPS = $660,000/130,000 = $5.08; $40/$5.08 = 7.88.

The Financial Statements of Black Barn Company Are Given Below