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Business, 18.08.2021 03:20 darkpain4371

The following amounts were taken from the financial statements of Leaf Company: 2017
Total assets $800,000
Net sales 720,000
Gross profit 352,000
Net income 150,000
Weighted average common shares outstanding 50,000
Market price of common stock $64.50

The price-earnings ratio for 2017 is:

a. $64.50
b. 21.5 times.
c. 3.0 times,
d. 4.5 times.
e. 36 times.

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Answers: 1

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The following amounts were taken from the financial statements of Leaf Company: 2017
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