Explore BrainMass
Share

Price-Earnings Ratio for ABC, Inc.

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

ABC, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $19 a share. The firm has a profit margin of 6.4 percent and a total asset turnover of 1.36. What is the price-earnings ratio?

© BrainMass Inc. brainmass.com December 20, 2018, 5:43 am ad1c9bdddf
https://brainmass.com/business/price-to-earnings-ratio/price-earnings-ratio-abc-inc-339262

Solution Preview

Price-Earnings Ratio
ABC, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $19 a ...

Solution Summary

Response helps in computation of Price-Earnings Ratio for ABC, Inc.

$2.19