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Two-By-Four Wood Products (TBF)report Net Income of $2 Per Share

Question 146

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Two-by-Four Wood Products (TBF)report net income of $2 per share in its most recent financial statements.If TBF has no preferred shares outstanding and the market price of its stock is $4 what is TBF's P/E ratio?

Correct Answer:

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blured image P/E = 2 times
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