Calculate the pe ratio for leonatti labs

Reference no: EM13292512

Leonatti Labs' year-end price on its common stock is $16. The firm has a profit margin of 7%, total assets of $33 million, a total asset turnover ratio of 0.80, no preferred stock, and 4 million shares of common stock outstanding.

Calculate the PE ratio for Leonatti Labs. (Do not round intermediate calculations and round your final answer to the nearest whole number.)

Reference no: EM13292512

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