Smolira Golf has 11,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $82. Required: What is the price-earnings ratio?

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Jeremy Whitcher · Answer 1 · 2022-12-17T03:46:06+0000

Answer:

25.23 times

Step-by-step explanation:

PE ratio = Price per share /Earnings per share

Price per share = $82

Earnings per share (EPS)= net income/ shares of common stock

Net Income = 35,753

EPS = 35753/11000 = 3.25

PE Ratio = 82/3.25 = 25.23 Times