The financial statements of Burnaby Mountain Trading Company are shown below.

Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is ________.
A) 2.8
B) 3.6
C) 6
D) 11.11

Question

The financial statements of Burnaby Mountain Trading Company are shown below.

Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is ________.
A) 2.8 
B) 3.6 
C) 6 
D) 11.11

Quizplus · Accepted Answer

P/E = 27/(150,000/20,000) = 3.6

The Financial Statements of Burnaby Mountain Trading Company Are Shown