Problemjupiter explorers has 7200 in sales the profit, Ask an Expert

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Problem:

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.

Required:

Question: What is the price-earnings ratio?

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148901

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