The Green House has a profit margin of 5.6 percent on sales of $311,200.The firm currently has 15,000 shares of stock outstanding at a market price of $11.60 per share.What is the price-earnings ratio?
A) 9.98
B) 10.02
C) 11.50
D) 11.93
E) 12.84
Correct Answer:
Verified
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