The financial statements of Flathead Lake Manufacturing Company are shown below.

Note: The common shares are trading in the stock market for $15 per share.
Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's P/E ratio for 2017 is ________.
A) 3.39
B) 3.6
C) 13.33
D) 10.67

Question

The financial statements of Flathead Lake Manufacturing Company are shown below.

Note: The common shares are trading in the stock market for $15 per share.
Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's P/E ratio for 2017 is ________.
A) 3.39 
B) 3.6 
C) 13.33 
D) 10.67

Quizplus · Accepted Answer

P/E = 15/(225,000/200,000) = 13.33

The Financial Statements of Flathead Lake Manufacturing Company Are Shown