• 2022-06-06
    Company
    I has total assets of $613,000. There are 21,000 shares of stock
    outstanding with a market value of $13 a share. The firm has a profit
    margin of 6.2 percent and a total asset turnover of 1.08. What is the
    price-earnings ratio?( )
    A: 6.38
    B: 7.99
    C: 6.65
    D: 5.12
    E: 7.41