2 years ago

The financial statements of Burnaby Mountain Trading Company are shown below.

Business

1 answer:

miskamm [114]2 years ago

5 0

Based on the financial information of Burnaby Mountain Trading Company, the P/E ratio for 2017 is $36.

<h3>What is the P/E Ratio for Burnaby in 2017?</h3><h3 />

First find the earnings per share:

= Net income / Number of shares at end of 2017

= 150,000 / 200,000

= $0.75

Then find the P/E ratio:

= Market value per share / Earnings per share

= 27 / 0.75

= $36

Find out more on the P/E ratio at brainly.com/question/25772598.

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solution

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