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bennick bennick
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A year ago
Weightman Corporation’s net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was $36,000. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company’s total stockholders’ equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The company’s price-earnings ratio for Year 2 is closest to:(Round your intermediate calculations to 2 decimal places.)

▸ 7.14

▸ 0.58

▸ 5.18

▸ 11.00
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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isababycookieisababycookie
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Anonymous
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5 months ago
Help! The answer is missing an explanation...
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