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Jupiter explorers has $7,200 in sales. the profit margin is 4 percent. there are 6,000 shares of stock outstanding. the market price per share is $1.40. what is the price-earnin…

Jupiter explorers has $7,200 in sales. the profit margin is 4 percent. there are 6,000 shares of stock outstanding. the market price per share is $1.40. what is the price-earnin…
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Jupiter explorers has $7,200 in sales. the profit margin is 4 percent. there are 6,000 shares of stock outstanding. the market price per share is $1.40. what is the price-earnings ratio?

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User Missak Boyajian
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8.2k points

1 Answer

1 vote


Earnings = Sales * Profit margin = 7200 * 4% = 288

Price to earnings = stock price / earnings per share = 1.40/(288/6000) = $29.17

answered
User Jomartigcal
by
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