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IrinaVladis [17]
3 years ago
8

Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n

earest whole number)?
Business
1 answer:
Aloiza [94]3 years ago
3 0

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

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