Jupiter explorers has 10600 in sales the profit margin is 5, Ask an Expert

Finance

Jupiter Explorers has $10,600 in sales. The profit margin is 5 percent. There are 5,600 shares of stock outstanding. The market price per share is $2.00. What is the price-earnings ratio? Show your all work and explain in detail.

A. 21.13

B. 18.93

C. 10.57

D. 17.00

C. 37.86

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