Computing the firm''s price-earnings ratio

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Computing the firm's price-earnings ratio

RTR Corp. has reported a net income of $812,425 for the year. The company's share price is $13.45, and the company has 312,490 shares outstanding. Compute the firm's price-earnings ratio.

I. 4.87 times

II. 8.12 times

III. 5.17 times

IV. None of the above

Reference no: EM1315502

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